SMArtX Advisory Solutions has partnered with Allspring Global Investments, integrating their direct indexing capabilities into the SMArtY platform.
- The collaboration is set to enhance the suite of investment solutions available on the platform, benefiting both advisors and clients.
- Allspring’s addition brings tax-advantaged, personalised separately managed accounts to the forefront, offering a no-platform fee solution.
- Brad Haag of SMArtX emphasised the strategic importance of Allspring joining the platform, enhancing offerings for financial planners and advisors.
- Tony Svach of Allspring highlighted the potential of SMArtY to scale advisors’ businesses with advanced tools and comprehensive solutions.
In a strategic move, SMArtX Advisory Solutions has expanded its influential SMArtY platform by welcoming Allspring Global Investments. This partnership is poised to significantly enhance the platform’s direct indexing solutions, effectively broadening the range of investment offerings available to advisors.
As an admired asset management firm, Allspring Global Investments brings pioneering tax-advantaged, personalised separately managed accounts (SMAs) to the platform. This development is particularly noteworthy for registered investment advisors (RIAs), wrap fee advisors, and financial planners looking for innovative solutions without the burden of platform fees.
Brad Haag, the Executive Vice President of Asset Manager Solutions at SMArtX, expressed enthusiasm for this development. He remarked on the added value this integration brings to the SMArtY platform, reinforcing its capability to meet diverse investment management needs effectively.
In a statement, Tony Svach, Head of Intermediary Sales at Allspring, underscored the benefits of their Direct Indexing solutions now available on the platform. He noted that this collaboration would enable advisors to leverage the SMArtY platform’s power through a unified managed account (UMA) structure, complete with sleeve reporting tools.
This integration automates asset management workflows allowing advisors to concentrate on growth-oriented pursuits while furnishing clients with sophisticated investment solutions. The SMArtY platform thus stands out as a preferred choice of financial service providers for RIAs, broker-dealers, asset managers, custodians, and fintech entities.
The alliance between SMArtX Advisory Solutions and Allspring Global Investments marks a significant enhancement in investment options, benefitting advisors and clients alike.
