First Clearing, a trade execution and clearing firm, has recently announced Diversified Managed Allocations (DMA), which is a multiple manager separate account management program. It will be available to all of its clearing correspondent clients.

DMA offers clients with at least $150,000 to invest an opportunity to leverage the benefits of separately managed accounts in a product that is built on diversification and asset allocation, but delivered in a single brokerage account. DMA, the company claims, is unique in that it uses 16 unaffiliated managers and 21 different investment styles, rather than offering a product with managers affiliated with First Clearing.

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