A Hebron, Kentucky-based TAMP, just teamed up with one SMA strategist, and the TAMP continues to search for and vet additional asset manager partners.

Gary Manguso FTJ FundChoice Vice President Product Strategy

FTJ FundChoice, launched the FTJ FundChoice Separately Managed Accounts (SMA) Program on March 28, and they've partnered with Meeder Investment Management as the first SMA strategist in the program.

Meeder, a $12-billion AUM shop serving high net worth investors and institutional clients, will customize portfolios for advisors. FTJ selected Meeder as its premier partner "due to its 40 plus years of experience," Gary Manguso, vice president of product strategy at FTJ, tells MFWire.

A spokesperson from Meeder was not immediately available for comment for this story.

"We're entering a non-crowded space with rich history, and we believe we're giving investors something they need," says Manguso.

According to Manguso, this SMA program gives high-net-worth advisors the opportunity to customize their clients' existing portfolios around targeted risks and different sectors while including tax management, with an account minimum of $1,000,000.

"We saw an opportunity to get into the SMA space, but we retain our focus on key concepts our Market Movement Strategies platform offers," adds Manguso.

Market Movement Strategies is FTJ's UMA program.  

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