The Bank of Hawaii Investment Services Group is collaborating with Smartleaf and Prima Capital to offer its clients a unified managed account.

The UMA aims to provide the best of both worlds - money managing software combined with investment advice - to provide a more flexible product for wealth managers.

Smartleaf will provide Bank of Hawaii with a portfolio management system that enables multiple investment vehicles to be managed in one account while incorporating individual client preferences for taxes, risk tolerance, and liquidity.

Prima Capital, which is an independent provider of investment management due diligence, will consult on manager selection, provide research and product profiles and evaluate investment managers for Bank of Hawaii.  

"These enhancements will provide investment clients with a full range of outside managed products, including mutual funds, third-party manager models, and exchange-traded funds to complement internally managed products," said Bank of Hawaii's chief investment officer, Stephen Rodgers.  

Bank of Hawaii's Investment Services Group had 327 employees and $6.6 billion of assets under management at the time of going to press.