SMArtX Advisory Solutions (“SMArtX”), a leading innovator in unified managed accounts (UMA) technology and architect of the SMArtX turnkey asset management platform (‘TAMP’), and TradePMR, a technology and custodial services provider, today announced they have teamed up to help financial advisors manage their managed accounts business more efficiently. The relationship enables TradePMR advisors to access SMArtX’s award-winning UMA technology, including their full model marketplace, automated rebalancing, tax harvester, cash management, billing, and Advisor as a PM tools to effectively manage their advisory business at scale.
The relationship gives TradePMR advisors a more cost-effective TAMP solution than the current offering, helping advisors improve profitability and provide better value to their clients. As SMArtX is a sub-advisory technology firm, TradePMR advisors do not have to repaper any accounts to gain access to SMArtX’s automated processes, including their billing solution called BillFiX, and all the other benefits of a UMA platform with true sleeve-level accounting.
“We are excited to bring our UMA technology to TradePMR advisors,” remarked Evan Rapoport, the Founder and CEO of SMArtX Advisory Solutions. “SMArtX and TradePMR both want to help advisors run their business better and faster in today’s marketplace. We aim to do this by reducing the amount of manual work and tasks required to administrate managed accounts and providing them with the necessary tools to make it easier.”
“Everything we do at TradePMR starts with a simple goal: helping RIAs work more efficiently,” stated Scott Victoria, Chief Operating Officer, TradePMR. “Efficiency can do a lot for advisors. It can help address evolving client expectations, react to a volatile market, and ultimately, we believe, achieve firm growth. With this new relationship with SMArtX, we are arming TradePMR advisors with another resource to help streamline their workflows and expand how they can serve their clients.”
