Adhesion Technologies sponsors new CMC portfolios

FWR Staff

28 February 2008

Capital Market Consulting offers seven unified managed account strategies. Charlotte, N.C.-based Adhesion Technologies has expanded its WealthADV wealth-management platform by adding seven unified managed account (UMAs) composite portfolios devised by Capital Market Consultants (CMC), a Milwaukee-based firm that provides investment and technology research and consulting services to investment advisories.

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

Plug and play

"With the WealthADV UMA platform, advisors deliver distinctive, personalized investment management for their clients," says Adhesion's president Michael Stier. "By leveraging CMC's expertise in manager selection and composite construction, advisors greatly simplify implementation while enhancing value and prestige delivered to clients."

The seven CMC-WealthADV portfolios provide "global" strategies for appreciation, growth and income, conservative growth and balanced with tax-exempt versions for each save appreciation.

Last year TD Ameritrade Institutional partnered with bespoke platform builder CMC to offer a range of UMA options, from pre-set portfolios to manager research for do-it-yourself shops and broad-based consulting for firms looking for platform-support technologies.

With the Adhesion offering though, the emphasis is on plug and play, according to CMC's managing partner Barry Mendelson. "Advisors expend significant time and expense, as part of their fiduciary duty, ensuring access to high quality manager choices necessary for making prudent portfolio decisions," he says. "Alternatively, the pre-packaged CMC-WealthADV composite strategies allow advisors to eliminate that time and expense by leveraging the investment manager research and portfolio construction expertise of CMC."

You can get a better idea of CMC's offering here. -FWR

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