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Brinson Advisors Introduces Managed Accounts Platform
Brinson Advisors, a member of UBS Asset Management, today unveiled Private Wealth SolutionsSM, an innovative managed accounts program, which offers high-net-worth investors access to customized portfolios managed by leading UBS Asset Management investment professionals.
The Private Wealth Solutions managed accounts program will offer individual investors discretionary portfolio management by experienced investment professionals, direct ownership of securities and rigorous risk management. In addition, investors will have the option to choose a Multi-Asset Portfolio -- a single investment vehicle encompassing multiple investment types for exposure to specific segments of the equity and fixed-income markets. The DST technology platform on which the program is built offers more efficient transaction and processing capabilities than previously known in the managed accounts industry.
Private Wealth Solutions will be introduced in the first quarter of 2002 through UBS PaineWebber and subsequently will be offered nationwide through a wide range of financial intermediaries.
Managed accounts represent a significant growth area in the U.S. investment management industry. Cerulli Associates projects that managed accounts will be the fastest growing market for the next decade. Forrester Research estimates at least 25 percent of all fund industry assets will be in managed accounts by 2010, but highlights systematic operational inefficiencies as the single biggest hurdle to the success of this type of investment vehicle.
"Private Wealth Solutions responds to an increased demand by high net worth investors for a coordinated approach to the management of their assets," said Barry Mandinach, managing director, distribution, for Brinson Advisors. "By providing custom portfolio management exclusively through UBS Asset Management investment professionals, we can address concerns about overlap, tax liabilities and risk management in a comprehensive manner."
"The technology platform on which Brinson Advisors' Private Wealth Solution is built will streamline account opening and maintenance for financial intermediaries, and enable our investment professionals to offer customized investment solutions," added Joseph Varnas, executive director, eServices and Technology, for Brinson Advisors.
"We are proud to provide the technology behind Brinson Advisors' Private Wealth Solutions. To date, the administrative and recordkeeping options available to asset managers have been limited, relatively expensive, and inefficient to operate. DST's Managed Account Platform tackles such challenges with proven and successful technology," said Jim Horan, director of international technology for DST.
DST' Managed Account Platform is based on proven front, middle and back-office solutions used across the DST enterprise that have made DST a leading global technology provider for the financial services industry. The core platform is based on HiInvest, DST's robust multicurrency and multilingual portfolio management software, which includes decision support, order management and routing, compliance, performance measurement and client reporting capabilities. The platform allows sponsors and managers to automate processes, through its integration with DST's Automated Work Distributor (AWD®).
DST Systems, Inc. (NYSE: DST) provides sophisticated information processing and computer software services and products that help clients improve productivity, increase efficiencies and provide higher levels of customer service. DST is organized domestically and internationally into three operating segments: Financial Services, Customer Management, and Output Solutions. DST operates one of the most advanced data centers in the world, which provides information-processing services to support the products within each operating segment. These products are further enhanced through the integration of DST's advanced technology and e-commerce solutions.
Brinson Advisors delivers the investment capabilities of UBS Asset Management to financial intermediaries in the Americas. With $USD 385 billion in assets under management, UBS Asset Management is a global investment leader in equities, fixed income, real estate, timber, hedge fund and multi-manager investment capabilities.
UBS AG is a leading global financial services firm with 71,000 employees worldwide, providing a wide range of services to a client base that includes affluent individuals, corporations, institutions and governments. Headquartered in Switzerland, the bank has significant operations in all of the world's major financial centers.
Contact: Kati Otto, (212) 713-2138