USA Financial, a financial services firm serving both clients and financial advisors, has rolled out a turnkey asset management programme (TAMP), called USA Financial Exchange, to its financial professionals.
The platform will make dozens of strategies managed by institutional managers available through a unified management account.
Investors wishing to employ the strategies of a variety of different money managers can open an account through the TAMP and execute multiple investment strategies within one account, the company said.
The TAMP does not have a minimum investment amount and has strategies available that will manage as little as $1,000.
USA Financial CEO Mike Walters said: "The flexibility and ease to move from one manager's strategy to another makes this platform a sensible alternative to separately managed accounts (SMAs) and mutual fund wrap programs."
USA Financial president Brent Enders said: "Our growth can be attributed to our focus on quality over quantity and a commitment to innovation. We expect this TAMP to be an integral part of our firm's future growth.”
The financial services provider launched TAMP in October to a small group of advisors.