Overlay Portfolio Management from WealthADV

Overlay Portfolio Management (OPM) is the core process that drives a Unified Managed Account (UMA). It requires coordinating the investment recommendations among multiple managers along with client restrictions or mandates, generating and blocking trade orders, trade execution with the various custodians, and active management of taxable events. As such, effective OPM requires leading edge technology and experienced portfolio managers, resources few independent advisors can effectively muster. Now, with WealthADV, there is a solution that enables you to deliver the personalized investment services your clients demand without additional technology or staff.

Freedom to Focus on your Clients and your Business
Successful independent advisors focus on their core competency of building strong relationships with their clients and expanding their practice, the key revenue generating activities. With the WealthADV Platform you unburden your busy schedule from ongoing portfolio management of your clients’ accounts or the need to hire staff to do so, removing another scalability hurdle from your business. Let our experts* take care of the portfolio management for you.

You Retain Control
You maintain the primary advisory relationship with your client, understanding their objectives and financial situation and determining a suitable investment strategy. We strictly act as your sub-advisor, with discretionary control, interacting solely with you. Based upon your instructions, we will monitor, rebalance and trade the accounts to remain within the designated tracking error for the selected managers and allocation strategy.

Active Tax Management
Taxes matter, creating a drag on overall return. Active tax management services seek to minimize that drag. An available option for all taxable accounts, tax management includes: i) year-round, opportunistic tax loss harvesting [versus a fixed calendar schedule]; ii) coordinating activity across manager sleeves to avoid wash sales and unnecessary trade costs; iii) avoiding short term gains; and iv) mandated harvesting of gains or losses.

An End-to-End Platform for Managed Investing
The full spectrum of WealthADV features and services are included for accounts enrolled in OPM. This includes the outsourced portfolio accounting and industry-leading client reporting of WealthADV Op-Center, creating a fully integrated, end-to-end managed investing solution. And since WealthADV Op-Center easily incorporates all your client accounts, the result is a managed solution for your entire practice and Unified Household Reporting for your clients.

No Out-of-Pocket Expense for WealthADV
As our sub-advisor fees are directly debited from the clients’ accounts, you incur no fees directly. With OPM service you no longer have to manage the out-of pocket cash flow for the back office, portfolio management and client reporting you need for your practice.