Freestone Capital Management's AM-models program uses Vestmark's platform. Seattle-based Freestone Capital Management has selected investment technology provider Vestmark to manage its unified managed account program.

UMAs are single-account investment products that typically feature combinations of manager-model separately managed accounts, mutual funds and ETFs.

Attractive

Vestmark's technology "gives us greater flexibility in working with our investment managers," says Gary Smart, Freestone's head of portfolio management. "We are able to coordinate directly with them as they implement their investment and trading strategies."

In turn, adds Smart, "this added flexibility will be key in attracting great investment managers that otherwise might not be willing to participate in a more rigid, third party overlay structure."

Overlay management is the process of aligning trading activity, managing cash flow and enhancing the overall tax efficiency of multiple-sleeve investment portfolios.

Rob Klapprodt, president of Wakefield, Mass.-based Vestmark's software division, says Vestmark's Managed Accounts Platform is customizable "to fit Freestone's vision and holistic approach to wealth management."

Freestone has about $2 billion in assets under management. -FWR

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