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.
"Each financial advisor can now extend to his or her clients and prospects the opportunity to benefit from the expertise of a select list of unaffiliated investment managers in one open architecture account to create truly customized portfolios," said Mark Staples, managing director of the firms consulting services group. "In this way, DMA accounts offer a spectrum of asset, style and risk allocations precisely suited to the investment goals of each individual client," he said.
First Clearing, a non-bank affiliate of
