A Separately Managed Account (SMA) is a professionally managed investment portfolio designed for clients who work with an advisor and want greater flexibility and control. Unlike pooled investment vehicles such as mutual funds, an SMA provides direct ownership of individual securities, which may include stocks, bonds, and other investments within the account. This structure provides enhanced customization, transparency, and potential tax efficiency.
Transparency
Within an SMA, investors have full visibility into the individual securities being held in their account. This allows for clearer insight into how their money is being invested, as compared to pooled investment funds.
Tax Efficiency
Within an SMA, strategies can be applied to help minimize capital gains, such as tax-loss harvesting or timing the sale of securities. These can provide a greater level of tax control as compared to pooled investment funds.
Customization
SMAs can be tailored to meet the specific needs of the investor. Advisors can implement customized modifications to align with an investor's specific preferences or values (e.g. avoiding certain securities held within the SMA).
Our comprehensive suite of SMA strategies provides clients more ways to meet their investment goals.
- 10 Year Laddered Canadian Government Bond
- 10 Year Laddered Canadian Corporate Bond
- 5 Year Laddered Target Maturity Canadian Corporate Bond
- 5 Year Laddered Target Maturity U.S. Corporate Bond
- Core Canadian Fixed Income
- Core Canadian Equity
- Canadian Dividend Income
- Low Volatility Canadian Equity
- Core U.S. Equity
- U.S. Dividend Income
- International Equity
- Global Equity
- Fossil Fuel Free Global Equity
SMAs are available through select full-service brokerage and discretionary advisors.
To learn more about SMAs, speak to your full-service brokerage advisor.