RICHMOND, Va., March 15, 2011 /PRNewswire/ -- Raymond James Asset Management Services together with RiverFront Investment Group introduced four new model portfolios on the Raymond James Freedom Unified Managed Account platform. The new Freedom Dynamic UMA portfolios incorporate RiverFront's separately managed account portfolios as the dynamic engine in the Dynamic Growth, Dynamic Balanced, Dynamic Balanced with Growth and Dynamic Equity Income Freedom UMA portfolios. The account minimums are $300,000.
"We are honored to have the opportunity to further strengthen our long standing partnership with Raymond James and offer these new UMA models on the Freedom platform," said Michael Jones, RiverFront's Chairman and Chief Investment Officer. "These new portfolios bring together an innovative combination RiverFront's Dynamic Strategic asset allocation strategies and Raymond James preferred alternative investment capabilities. The goal is to provide investment solutions that can manage portfolio risk, even in a rising interest rate environment."
Raymond James introduced its Freedom UMA platform in 2008 and now offers more than 50 asset allocation models across six investment objectives to accommodate investor needs. Utilizing institutional-quality techniques, portfolios are constructed with multiple separately managed accounts (SMAs). Mutual funds in selected asset classes provide further diversification for some models.
"The Freedom platform has proven to be a valuable tool in helping our clients reach their financial goals," added George Raffa, National Director of Sales for Raymond James Asset Management Services. "We are very pleased to be expanding our relationship with RiverFront and partnering with them to enhance our Freedom offerings."Unified Managed Accounts are one of the fastest growing segments in the managed solutions industry. They allow clients and FAs to deliver multiple investment disciplines in a single integrated custody account. RiverFront's industry leading transparency that allows advisors to view RiverFront's portfolio holdings on a daily basis and communicates trade rationales on a regular basis is uniquely suited to serve the growing UMA marketplace.