TD to launch UMA for Placemark

TD Ameritrade Institutional will launch a unified managed account program that will utilize the third-party overlay portfolio management capabilities of Placemark Investments Inc. of Addison, Texas.

TD Ameritrade Institutional will launch a unified managed account program that will utilize the third-party overlay portfolio management capabilities of Placemark Investments Inc. of Addison, Texas.
The platform is expected to be launched in early 2009.
UMAs combine multiple types of investments, including mutual funds, exchange traded funds and separately managed accounts, into a single account. An overlay manager essentially is responsible for coordinating the trading of securities across those platforms.
Advisers using the program will also be able to choose and configure investment vehicles and allocations based on their own strategies and will have access to a line of products and web-based tools, including re-balancing and cash management functions.
Additionally, it will give advisers access to fixed models and allocations based on research by Capital Market Consulting LLC of Chicago, a third-party provider of investment research and manager due diligence.
TD Ameritrade Institutional of Jersey City, N.J., has 5,000 fee-based advisers on its platform.