MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, February 20, 2003 Schwab Adds SMA Tool for Advisors Charles Schwab has integrated CheckFree Investment Service's M-Pact tool set into its separate account offering for investment advisors. The service is a Web-based application designed to automate and streamline the separate account sales, proposal and advisory processes. CheckFree also said that A.G. Edwards rolled out a Web-based version of the M-Pact tools last year. The Jersey City-based platform provider is controls a near-monopoly position with its recordkeeping and administration platform for separately managed account platforms. M-Pact allows advisors to create asset allocation models, blend portfolios and add manager information to client profiles. It includes data on roughly 1,300 managers and 5,600 investment products from the Mobius product, said Alex Marasco, executive vice president and general Manager at CheckFree Investment Services. Schwab is offering advisors the M-Pact tools under its own brand (it is calling it the Money Manager Analysis and Proposal System or MMAPS). Printed from: MFWire.com/story.asp?s=4591 Copyright 2003, InvestmentWires, Inc. All Rights Reserved |