Separately Managed Accounts
With ICD Portal’s pre-screened separately managed account (SMA) providers, treasury can bypass the expensive and time-consuming process of selecting an investment advisor to construct a bespoke portfolio of fixed-income investments.
Why You Should Consider Separately Managed Accounts
Experienced separately managed account (SMA) providers develop investment strategies based on a client’s risk appetite and liquidity requirements, while providing a superior return. SMA exposures can be populated in Transparency Plus® along with money market funds, direct exposures, short duration bond funds, etc., providing a complete view of risk across the entire portfolio.
ICD Portal and its SMA partner relationships provide:
- Consolidated exposure analytics reporting in Transparency Plus
- Competitive fees based on ICD Portal’s preferred partner pricing
- Consultation by experienced ICD Portal professionals in formulating SMA provider decisions and accessing SMA strategies
- Access to ESG designed portfolios through its partnership with SAGE Advisory
SMA Investment Profiles
Government Separately Managed Accounts
Captial Preservation
In general, Capital Preservation is good as securities are backed by the United States Government and / or Government Agencies, but can be sensitive to interest rates
Liquidity
Liquidity is low as SMAs are generally designed for a 9-month to 2-year time horizon
Yield
Yield is good in general and excellent for a government-backed investment
Prime Separately Managed Accounts
Captial Preservation
In general, Capital Preservation is good based on diversification but can be sensitive to interest rates and credit risk
Liquidity
Liquidity is low as SMAs are generally designed for a 9-month to 2-year time horizon
Yield
Yield is excellent
Source: The Carfang Group