#Boston #financial advisors #Smartleaf #Axos

Smartleaf Asset Management Enhances Services with Axos Partnership

In a significant move for the financial advisory sector, Smartleaf Asset Management LLC (SAM) has announced the integration of its sub-advisory services with the Axos Advisor Services (AAS) platform. This collaboration promises to elevate the way independent financial advisors manage client portfolios by offering automated rebalancing and trading as an outsourced solution.

What This Partnership Means for Advisors

The primary goal of this partnership is to empower financial advisors by simplifying the management of custom and tax-optimized portfolios for their clients who custody assets at Axos. By leveraging Smartleaf’s advanced automation, advisors can now manage investments with enhanced efficiency and precision.

Along with the existing offerings, Smartleaf is set to introduce support for fractional share trading later this year. This feature aims to democratize access to investment strategies, allowing nearly all investors to benefit from customized portfolios that were previously exclusive to high-net-worth individuals. This flexibility means that advisors can offer tailored investment solutions to a broader client base, regardless of asset size.

The Advantages of Smartleaf's Services

With the integration into AAS, advisors can maintain control over their investment strategies. They have the autonomy to choose their asset allocation and product selection or tap into third-party options available through Smartleaf's open-architecture Model Distribution Service. SAM prides itself on supporting various combinations of US ETFs, mutual funds, and equity models, including the innovative concept of direct indexing without the need for the more complicated Separately Managed Accounts (SMAs).

One exciting feature of Smartleaf’s service is called “householding.” This innovative capability enables advisors to manage multiple accounts within a single household under a unified asset allocation strategy. This means that a household can leverage qualified accounts as centers for tax-free rebalancing, significantly enhancing tax efficiency and preventing wash-sale issues across accounts.

Furthermore, Smartleaf provides a **