On Monday April 19th, look for the newest enhancements to the ESI Illuminations platform as we introduce Strategist Unified Managed Accounts (Strategist UMA) and Overlay Services.
Strategist UMA
With Illuminations 2.0, Strategist UMA takes Strategist portfolios one step further as Strategists use separate accounts within their portfolios. The result is a portfolio invested among an appropriate combination of mutual funds, ETFs and individual securities (selected by Separate Account Managers), providing broad diversification that aligns with the investor’s objectives and risk tolerance.
Illuminations 2.0 Strategist UMA Additions: Prospect Profile and Details
The new Strategist UMA portfolios are designed for the high net worth investor with minimums that start at $500K and $750K.
There will be 40 portfolios available managed by two managers: Legg Mason and Envestnet PMC. The portfolios include a variety of strategies, such as Cost Sensitive, Impact/ESG, and ActivePassive.
Overlay Services
An exciting new feature available for Strategist UMA accounts is the addition of tax and impact overlay services. An overlay service applies filters or additional management to the account.
- Tax Overlay – An optional service for clients wishing to mitigate the impact taxes have on their portfolio, tax overlay services are designed to help reduce tax exposure with the goal of improving after-tax returns. This is achieved through loss harvesting, gain/loss matching, and deferring short-term gains that can’t be offset.
- Impact Overlay – Impact overlay is an optional service that allows you to apply multiple screens (20 available) to a portfolio with the goal of creating a portfolio that is aligned with a clients’ personal values.
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