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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV