A Separately Managed Account (SMA) is a unique investment vehicle that opens the door for more customization and personalization than a mutual fund or ETF. In SMAs, the investor owns all the securities directly, which can lead to opportunities for tax management. Tax loss harvesting, along with a number of other tax management techniques, can drive better after-tax performance.
Beyond that, SMAs allow for customization, giving investors the opportunity to exclude specific securities or objectionable business involvement. Examples include:
- Reducing or eliminating exposure to employer’s stock
- Incorporating personal values in the management of the account
Natixis provides a range of SMA investment strategies from our affiliated managers and outside managers that offer specialized solutions for high net worth and multiple manager portfolios.