This chapter explores the increasing popularity of separately managed accounts (SMAs) as an investment vehicle, comparing its tax efficiency and customization options to ETFs. The speakers also address the transfer of assets from legacy portfolios to more tax-efficient solutions and why SMAs are not yet universally adopted.
Jeffrey Kleintop, Chief Global Investment Strategist at Charles Schwab & Co, discusses finding opportunities outside the US. Chloe Berry, Head of Infrastructure Income Strategy at Brookfield Asset Management, shares her thoughts on the “3 Ds” of infrastructure; deglobalization, decarbonization and digitization. David Botset, Head of Equity Product Management at Schwab Asset Management, provides the details of Schwab’s ETFs and Beyond study. Kevin Gordon, Senior Investment Strategist at Charles Schwab & Co, explains why the biggest risk for the market is its deteriorating breadth profile. Manju Boraiah, Head of Custom SMA Investments at Allspring Global Investments, makes the case for separately managed accounts as an investment vehicle.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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