Quantitative Advantage Looks To CheckFree APL as its 'Steering Wheel' in Separately Managed Accounts
Tuesday December 2, 9:00 am ET
ATLANTA and JERSEY CITY, N.J., Dec. 2 /PRNewswire-FirstCall/ -- CheckFree Investment Services, a division of CheckFree Corporation (Nasdaq: CKFR - News), today announced that Quantitative Advantage, a Minneapolis area-based money manager, is using CheckFree APL to administer its managed accounts. Quantitative Advantage offers separately managed accounts implemented with exchange-traded funds (ETFs) and mutual funds. CheckFree Investment Services is the leading provider of outsourced trading, portfolio management, accounting, reporting services and data to broker/dealers and money managers in separately managed accounts.
"A fairly new entrant in the separately managed accounts arena, Quantitative Advantage is making a name for itself with the firm's innovative portfolio strategy," said Alex Marasco, CheckFree Investment Services executive vice president and general manager.
Adapative Risk Management System (ARMS), the portfolio strategy developed by Quantitative Advantage for financial advisors/brokers and their clients, is designed to enhance performance while reducing risk by utilizing a diversified approach to detect which sectors, styles and countries are moving in and out of (market) favor. ARMS is an alternative to buy-and-hold investing, but is not market timing. Rather than moving out of stocks and into another asset class, Quantitative Advantage remains fully committed to the equity portion of each client's portfolio. Market timers look to come in or out of stocks at an opportune moment, while Quantitative Advantage stays in the market and has the flexibility to adapt portfolios into the best performing groups.
Quantitative Advantage is in the process of connecting to 5 custodians through CheckFree APL. "CheckFree APL gives us a steering wheel to efficiently trade with each custodian," said John Wing, Quantitative Advantage president. "Furthermore, having CheckFree APL is a selling point for us as we approach broker/dealers about participating in their sponsored programs, because they need to know we can handle the process of setting up new accounts and facilitate trading."
CheckFree APL serves as the leading separately managed accounts platform, providing remote processing services to sponsor firms, money managers and financial advisors for the automation of investment management, trading, portfolio performance and investor reporting. CheckFree APL's open platform enables approximately 39 of the top 50 Wall Street (sponsor) firms and 36 of the top 40 managers to interface with each other, and operate in a straight- through processing environment. Institutional money managers also use CheckFree APL to enter and maintain account data, manage trades and measure portfolio performance. . .
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