Allspring Global Investments Innovates with Active Equity Strategies on Remi SMA Platform
Allspring Global Investments, a frontrunner in the realm of customized manager-traded separately managed accounts (SMAs) and direct indexing, has made headlines by adding three actively managed large-cap equity strategies to its innovative Remi platform. Under the stewardship of Allspring's seasoned Empiric LT Equity team, which boasts an average of 15 years of experience per portfolio manager, these newly introduced SMAs are set to redefine the industry landscape by integrating active equity investment strategies into a customizable framework.
"This integrated active equity capability marks a significant innovation in the investment management sector," stated Manju Boraiah, who serves as co-head of custom SMA Investments at Allspring. Unlike traditional approaches, where a third-party actively managed portfolio is merely customized for tax or other reasons by adding an overlay, Allspring's Remi platform employs its own robust active management strategy as the foundational element. This methodology promises greater efficiency in constructing customized portfolios and provides an array of benefits to the end investors, notably in terms of after-tax performance and competitive fee structures.
The newly introduced strategies encompass the Empiric LT Large Cap Fundamental Dividend Equity, LT Large Cap Fundamental Equity, and LT Large Cap Growth Equity. These strategies are backed by a long-standing track record and have been made available as model-delivered SMAs on various broker-dealer platforms for over a decade. Managed with a concentrated approach, the Empiric LT Equity team typically holds around 50 stocks per strategy, offering similar exposure to equity beta while targeting outperformance of the index.
In addition to revolutionizing equity investment, Allspring has set its sights on enhancing its offerings with user-friendly after-tax reporting capabilities. This functionality aims to empower advisors and their clients by providing clear visibility into the impact of "tax alpha"—a term that reflects the benefits of tax optimization strategies on investment portfolios. The after-tax reporting capabilities for equity SMAs are slated to launch in the first half of 2025, with similar enhancements for fixed-income SMAs expected later in the year.
Katie D'Angelo, head of Global Relationship Management at Allspring, expressed enthusiasm regarding these advancements. "At Allspring, we continuously strive to make investments worth more, and we're eager to receive feedback from advisors as they start utilizing this new reporting functionality with their clients. The tangible effects of tax optimization on the overall return can be substantial, and our enhanced reporting feature allows advisors to effectively communicate the value of tax alpha to their clients in a clear, quantifiable manner. Our vision is that this reporting will simplify the way advisors showcase the value we deliver and help strengthen their client relationships."
Moreover, Allspring is not resting on its laurels in the equity domain alone. The firm is also making strides to enhance its customized SMAs in fixed income, featuring additional state-level customization options for municipal bond ladders and the CoreBuilder Municipal Income SMA—an active strategy focused on municipal securities.
With an impressive asset base exceeding $73 billion in SMAs, Allspring solidifies its position as the 12th largest SMA provider in the United States, showcasing its deep-rooted significance in the investment management industry.
Remi, a customized separately managed account and direct indexing solution by Allspring Global Investments, currently manages more than $73 billion in assets under advisement. It offers personalized active and passive investment strategies tailored to the preferences of individual advisory clients. Utilizing a comprehensive suite of strategies aimed at enhancing returns through effective tax management, Remi streamlines the transition process for legacy portfolios, ensuring risk and tax considerations are sufficiently addressed. For further information, please visit Allspring's Remi platform.
Allspring Global Investments™ is an independent asset management firm that oversees more than $605 billion in assets under advisement across over 20 global offices. Backed by a team of more than 400 investment professionals, Allspring is committed to fostering thoughtful investing, purposeful planning, and inspiring a transformative approach to investing that prioritizes both financial returns and positive societal outcomes. To learn more, visit Allspring's website.
*As of December 31, 2024. Figures include discretionary and non-discretionary assets.
Note: This article is intended solely for investment professionals and is not for general distribution to retail investors.
"This integrated active equity capability marks a significant innovation in the investment management sector," stated Manju Boraiah, who serves as co-head of custom SMA Investments at Allspring. Unlike traditional approaches, where a third-party actively managed portfolio is merely customized for tax or other reasons by adding an overlay, Allspring's Remi platform employs its own robust active management strategy as the foundational element. This methodology promises greater efficiency in constructing customized portfolios and provides an array of benefits to the end investors, notably in terms of after-tax performance and competitive fee structures.
The newly introduced strategies encompass the Empiric LT Large Cap Fundamental Dividend Equity, LT Large Cap Fundamental Equity, and LT Large Cap Growth Equity. These strategies are backed by a long-standing track record and have been made available as model-delivered SMAs on various broker-dealer platforms for over a decade. Managed with a concentrated approach, the Empiric LT Equity team typically holds around 50 stocks per strategy, offering similar exposure to equity beta while targeting outperformance of the index.
In addition to revolutionizing equity investment, Allspring has set its sights on enhancing its offerings with user-friendly after-tax reporting capabilities. This functionality aims to empower advisors and their clients by providing clear visibility into the impact of "tax alpha"—a term that reflects the benefits of tax optimization strategies on investment portfolios. The after-tax reporting capabilities for equity SMAs are slated to launch in the first half of 2025, with similar enhancements for fixed-income SMAs expected later in the year.
Katie D'Angelo, head of Global Relationship Management at Allspring, expressed enthusiasm regarding these advancements. "At Allspring, we continuously strive to make investments worth more, and we're eager to receive feedback from advisors as they start utilizing this new reporting functionality with their clients. The tangible effects of tax optimization on the overall return can be substantial, and our enhanced reporting feature allows advisors to effectively communicate the value of tax alpha to their clients in a clear, quantifiable manner. Our vision is that this reporting will simplify the way advisors showcase the value we deliver and help strengthen their client relationships."
Moreover, Allspring is not resting on its laurels in the equity domain alone. The firm is also making strides to enhance its customized SMAs in fixed income, featuring additional state-level customization options for municipal bond ladders and the CoreBuilder Municipal Income SMA—an active strategy focused on municipal securities.
With an impressive asset base exceeding $73 billion in SMAs, Allspring solidifies its position as the 12th largest SMA provider in the United States, showcasing its deep-rooted significance in the investment management industry.
About Remi
Remi, a customized separately managed account and direct indexing solution by Allspring Global Investments, currently manages more than $73 billion in assets under advisement. It offers personalized active and passive investment strategies tailored to the preferences of individual advisory clients. Utilizing a comprehensive suite of strategies aimed at enhancing returns through effective tax management, Remi streamlines the transition process for legacy portfolios, ensuring risk and tax considerations are sufficiently addressed. For further information, please visit Allspring's Remi platform.
About Allspring
Allspring Global Investments™ is an independent asset management firm that oversees more than $605 billion in assets under advisement across over 20 global offices. Backed by a team of more than 400 investment professionals, Allspring is committed to fostering thoughtful investing, purposeful planning, and inspiring a transformative approach to investing that prioritizes both financial returns and positive societal outcomes. To learn more, visit Allspring's website.
*As of December 31, 2024. Figures include discretionary and non-discretionary assets.
Note: This article is intended solely for investment professionals and is not for general distribution to retail investors.
Topics Financial Services & Investing）
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