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HedgeCoVest DEPLOY Streamlines Middle and Back Office SMA OperationsWEST PALM BEACH, Fla., June 7, 2017 /PRNewswire/ -- HedgeCoVest LLC (www.hedgecovest.com), a leading provider of managed accounts technology for advisors, today announced its new enterprise level solution, the DEPLOY Program, a fully outsourced solution to handle the day-to-day operations of an investment firm's separately managed accounts ("SMA") business. DEPLOY offers many features including hosted client onboarding; management of trade rotation and execution of all transactions across multiple custodians; handling of trade reconciliation and trade breaks; combining of more than one strategy in each account; and the ability to trade single securities in each SMA. In addition, DEPLOY maintains a single-sign on, white-labeled reporting and user interface, automated billing, and GIPS/client reporting to reduce middle and back office operations. DEPLOY provides investment firms with a single dashboard to make portfolio adjustments. Associated trades are implemented across all linked SMAs regardless of the custodian, to facilitate the effective, real-time representation of the investment portfolio. Ths methodology reduces price gap exposure between accounts and market price movements that may otherwise degrade the investment strategy. "HedgeCoVest's technology provides a fully outsourced SMA solution by deferring operational functions to us, allowing investment firms to focus on marketing, portfolio composition, and strategy development," said Evan Rapoport, CEO of HedgeCoVest. "With DEPLOY, firms can easily scale their investment business by offering SMAs at lower costs and little operational burden." The DEPLOY program is built on the award-winning technology HedgeCoVest utilizes to manage its unified managed accounts ("UMA") platform, as well as SMArtX, the integrated SS&C Advent UMA solution. About HedgeCoVest LLC About the SMArt Xchange Media Contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hedgecovest-deploy-streamlines-middle-and-back-office-sma-operations-300470019.html SOURCE HedgeCoVest LLC |