Retirement-income planner looks to enhance manager-models-based offerings. Roanoke, Va.-based retirement-income planner Sigma Financial Services is using a unified managed account (UMA) trading system provided by back-office outsourcer BridgePortfolio.

Holistic

UMAs are single-account investment products that typically feature combinations of manager-model separately managed accounts, mutual funds and ETFs.

Using BridgePortfolio to support its multiple-strategy portfolios is meant to help Sigma "take a holistic approach to its investors' total portfolios and apply a range of solutions that combine a broad asset-allocation plan using either a taxable or non-taxable account strategy while minimizing the burden of moving parts and avoiding trading [and] reconciliation discrepancies," according to a BridgePortfolio press release.

Chicago-based BridgePortfolio provides back-office support and third-party investment platforms to investment advisors, investment managers, broker-dealers, financial planners, banks and trust companies. It has about $2 billion in assets under administration.

Sigma has approximately $85 million in assets under management, according to its latest ADV with the SEC. -FWR

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