USA Financial Adds Wealth Management Platform to its Family of Companies
Expanded offerings to clients include comprehensive UMA/TAMP services for investment advisor representatives of corporate RIAs, Hybrid RIAs, and stand-alone RIA firms
ADA, Mich., Jan. 17, 2017 /PRNewswire/ -- To make investing client assets more streamlined and efficient, USA Financial launched a new turnkey asset management program (TAMP) to its financial professionals called USA Financial Exchange™. The TAMP makes dozens of strategies managed by a host of institutional managers available through a unified management account (UMA). According to the most recent regulatory filings, the managers available on the platform collectively manage in excess of $65 billion.
Through USA Financial Exchange, an investor who wishes to employ the strategies of a variety of different money managers can open one account through the TAMP and multiple investment strategies are executed within one account. This reduces paperwork and eliminates the need for different accounts and different custodial platforms. In addition, the platform does not have a minimum investment amount and has strategies available that will manage as little as $1,000. "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," said Mike Walters, CEO of USA Financial.
USA Financial introduced the platform in October to a small group of advisors and reports positive feedback already and quick adoption. The program will consider adding additional money managers as the need arises. The firm was recognized in 2016 for the third consecutive year on the prestigious Inc. 5000 list, which refers to the 5,000 fastest growing, privately held companies in America. "Our growth can be attributed to our focus on quality over quantity and a commitment to innovation," said the firm's president, Brent Enders. "We expect this TAMP to be an integral part of our firm's future growth," Enders said.
By providing its advisors with a robust platform of strategies, USA Financial meets their needs, which includes better serving their diverse client base and helping to make their everyday lives easier to manage.
About USA Financial
Founded on April 1, 1988, USA Financial is a privately owned, independent financial services firm serving both clients and financial advisors throughout the country. The firm is committed to empowering financial advisors and clients by helping advisors grow their practice and serve their clients with a wide array of financial solutions and technology offerings. The USA Financial family of companies includes USA Financial Securities (FINRA-registered broker-dealer and registered investment adviser), USA Financial Insurance Services (insurance wholesaler), USA Financial Portformulas® (a registered investment adviser and formulaic trending money manager), USA Financial Plug-N-Run® (technology and marketing firm), and USA Financial Media (multimedia firm and producer of the nationally syndicated USA Financial Radio Show). Each of these companies plays a vital role in the overall value proposition offered by USA Financial to its advisors and clients. Visit its website at www.usafinancial.com.
Contact:
Christine Steele
Marketing & Communications Manager
(888) 444-0125
[email protected]
SOURCE USA Financial
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