The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Reynolds Makes a Model and SMA Push Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 18, 2019

Reynolds Makes a Model and SMA Push

Reported by Neil Anderson, Managing Editor

Bob Reynolds and his team are making a two-part, advisor-focused push outside of traditional pooled wrappers like mutual funds.

Robert Lloyd Reynolds
Putnam Investments / Great-West Lifeco U.S.
President, CEO / Chairman
Today Reynolds, president and CEO of Putnam Investments [profile], confirms that the Boston-based asset manager has already launched a suite of separately managed accounts (SMAs) for FAs to use and that a suite of model portfolios will be next. Watch for the Putnam team to further expand both new product suites down the line.

Carlo Forcione
Putnam Investments
Director of Product Strategy and Development
The SMA push has been three years in the making, confirms Carlo Forcione, director of product strategy and development at Putnam. Back in 2016, in response to client inquiries, the Putnam team "made the strategic decision to begin seeding and incepting track records" for SMAs, Forcione tells MFWire. Now they have seven equity model-based SMAs, with three-year track records, that earlier this fall launched on a wirehouse's platform and on a TAMP's. The SMAs invest directly in individual stocks.

The model SMAs include: U.S. large cap value equity, U.S. large cap growth equity, U.S. multi-cap core equity, sustainable leaders, sustainable future, U.S. small cap growth equity, and international durable equity.

Meanwhile, the Putnam team plans to launch six multi-asset model portfolios next month on the same TAMP's platform, Forcione says. The multi-asset model portfolios are risk-based and include: income, balanced income, conservative growth, balanced growth, growth, and aggressive growth, each with varying levels of equity exposure (ranging from zero to 100 percent). The model portfolios will invest in a mix of Putnam funds and third-party ETFs and are powered by Putnam's global asset allocation team, which currently handles about $15 billion in AUM. (Putnam had $177 billion in total AUM as of October 31.)

Looking ahead, Forcione confirms that the Putnam team is talking with broker-dealers about "thematic or customizable solutions, example in the sustainable investing space," but in multi-asset model portfolio form. On the SMA side, the first seven offerings are just a "starting point," Forcione says, and he expects to broaden that lineup out to include more of Putnam's equity strategies.

"Model-based solutions will really be a critically important space for our clients now and going into the future," Forcione says. "This initiative is of significant strategic importance to Putnam."

"The demand for strategies in the model delivery structure is rapidly increasing as advisors seek products that are fee-efficient and tailored to meet their clients' individual preference," Reynolds states. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. MFDF Director Discussion Series - Open Forum via Zoom, December 7
  2. 2022 MMI Leadership Pathway Seminar, December 7
  3. 2022 Samfund Annual Celebration, December 7
  4. IMEA In Session - Cyber Security Trends, December 8
  5. U.S. Securities and Exchange Commission Investor Advisory Committee meeting, December 8
  6. MFDF webinar - Investment Valuation and Governance: Deloitte's 20th Annual Fair Valuation Pricing Survey, December 8
  7. Women in ETFs Philadelphia - Holiday Happy Hour With Project Home, December 8
  8. MMI webinar - Defining & Stimulating the Client Experience, December 9
  9. US SIF media webinar: US Sustainable Investing Trends 2022, December 12
  10. Vett Fi Advisor Perspectives Investment Insights Summit 2022, December 13
  11. IDC webinar - Spotlight on the SEC's Swing Pricing and Hard Close Proposals, December 14
  12. 2022 MMI Webinar Sponsored by the MMI Blockchain Finance Forum: Digital Asset Classification, December 14
  13. WE Boston: Annual Give Back Event 2022, December 14
  14. Nicsa webinar - Democratization of Private Assets, December 14
  15. MFDF In Focus: Closed-End Fund Activism, December 14
  16. Crane Data's Money Fund University, Dec 15-16
  17. Crane Data's Holiday Cocktail Party, December 15
  18. MFDF webinar - Impact of 2022 Mid-Term Elections on the Financial Industry, January 10, 2023
  19. IDC's Foundations for Fund Directors, January 11 - 12, 2023
  20. MFDF 2023 Directors' Institute, January 23 - 25, 2023
  21. Exchange: an ETF Experience, February 5 - 8, 2023
  22. 8th Annual Expect Miracles in Manhattan, February 16, 2023
  23. MFDF webinar - Fund Industry Claims Trends: An Insurer's Perspective, March 1, 2023
  24. MFDF 2023 Fund Governance & Regulatory Insights Conference, March 9 - 10, 2023
  25. Crane Data's Bond Fund Symposium, March 23 - 24, 2023
  26. 2023 MMI Summit, March 29 - 30, 2023

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use