Australian platform provider Powerwrap has introduced a new separately managed account (SMA) model which operates in real-time.
The platform, according to the company, is designed to ensure advisers and clients could have improved investment opportunities by gaining access to “intraday rebalances” and up-to-date information on market movements.
It will replace daily portfolio rebalancing with real-time, allowing investment managers to make decisions based on current market conditions.
The offering will also allow managers to make fund transfer in real-time in the same way they would for an institutional mandate, the company added.
Additional asset classes available via the SMA would also allow for an exposure to direct international markets.
Powerwrap CEO Cormac Heffernan said: “As SMAs have grown and liquidity has deteriorated, model managers need a greater level of control over the trading experience in order to maximise their performance, particularly in asset classes such as small caps and hybrids.
“The ability of Powerwrap’s SMA to transact in realtime allows model managers to expand their investment universe knowing that they can act quickly.
“Next-generation SMAs will remove the roadblocks associated with traditional SMAs, making these investment strategies even more powerful,” Heffernan added.