STOCK TITAN

Parametric Expands Custom Active Platform With Additional Strategies From Capital Group, MSIM and New Partner Lazard Asset Management

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Parametric Portfolio Associates, part of Morgan Stanley Investment Management (MSIM), announces the expansion of its Custom Active platform with Lazard Asset Management as a new partner. The platform now offers several new tax-optimized active equity strategies from multiple partners including Capital Group, MSIM investment teams, and Lazard. The Custom Active solution provides tax efficiency, personalization, and flexibility through separately managed accounts (SMAs). The platform operates within Parametric's $42 billion Centralized Portfolio Management business, with $4 billion in tax-managed model strategies, available to retail investors through select intermediaries and RIAs.

Parametric Portfolio Associates, parte di Morgan Stanley Investment Management (MSIM), annuncia l'espansione della sua piattaforma Custom Active con Lazard Asset Management come nuovo partner. La piattaforma offre ora diverse nuove strategie azionarie attive ottimizzate fiscalmente da più partner, tra cui Capital Group, i team di investimento di MSIM e Lazard. La soluzione Custom Active fornisce efficienza fiscale, personalizzazione e flessibilità attraverso conti gestiti separatamente (SMA). La piattaforma opera all'interno del business di Centralized Portfolio Management di Parametric, che ammonta a 42 miliardi di dollari, con 4 miliardi di dollari in strategie modello gestite fiscalmente, disponibili per gli investitori al dettaglio tramite selezionati intermediari e RIA.

Parametric Portfolio Associates, parte de Morgan Stanley Investment Management (MSIM), anuncia la expansión de su plataforma Custom Active con Lazard Asset Management como nuevo socio. La plataforma ahora ofrece varias nuevas estrategias de acciones activas optimizadas fiscalmente de múltiples socios, incluidos Capital Group, los equipos de inversión de MSIM y Lazard. La solución Custom Active proporciona eficiencia fiscal, personalización y flexibilidad a través de cuentas gestionadas por separado (SMA). La plataforma opera dentro del negocio de Centralized Portfolio Management de Parametric, que cuenta con 42 mil millones de dólares, con 4 mil millones de dólares en estrategias modelo gestionadas fiscalmente, disponibles para inversores minoristas a través de intermediarios y RIA seleccionados.

파라메트릭 포트폴리오 어소시에이츠는 모건 스탠리 투자 관리(MSIM)의 일부로서 라자드 자산 관리와 새로운 파트너십을 체결하여 Custom Active 플랫폼을 확장한다고 발표했습니다. 이 플랫폼은 이제 Capital Group, MSIM 투자 팀 및 Lazard를 포함한 여러 파트너의 새로운 세금 최적화된 능동 주식 전략을 제공합니다. Custom Active 솔루션은 세금 효율성, 개인화 및 유연성을 제공하며, 별도로 관리되는 계좌(SMA)를 통해 가능합니다. 이 플랫폼은 파라메트릭의 420억 달러 규모의 중앙 집중식 포트폴리오 관리 비즈니스 내에서 운영되며, 40억 달러의 세금 관리 모델 전략이 포함되어 있으며, 선정된 중개업체 및 RIA를 통해 소매 투자자에게 제공됩니다.

Parametric Portfolio Associates, faisant partie de Morgan Stanley Investment Management (MSIM), annonce l'expansion de sa plateforme Custom Active avec Lazard Asset Management comme nouveau partenaire. La plateforme propose maintenant plusieurs nouvelles stratégies d'actions actives optimisées sur le plan fiscal avec plusieurs partenaires, notamment Capital Group, les équipes d'investissement de MSIM et Lazard. La solution Custom Active offre efficacité fiscale, personnalisation et flexibilité à travers des comptes gérés séparément (SMA). La plateforme opère au sein de l'activité Centralized Portfolio Management de Parametric, qui s'élève à 42 milliards de dollars, avec 4 milliards de dollars en stratégies de modèles gérées fiscalement, disponibles pour les investisseurs de détail par l'intermédiaire de certains intermédiaires et RIA sélectionnés.

Parametric Portfolio Associates, Teil von Morgan Stanley Investment Management (MSIM), kündigt die Erweiterung seiner Custom Active-Plattform mit Lazard Asset Management als neuen Partner an. Die Plattform bietet jetzt mehrere neue steueroptimierte aktiv verwaltete Aktienstrategien von verschiedenen Partnern, einschließlich Capital Group, MSIM-Investmentteams und Lazard. Die Custom Active-Lösung bietet Steuereffizienz, Personalisierung und Flexibilität durch separat verwaltete Konten (SMA). Die Plattform operiert im Rahmen des 42 Milliarden US-Dollar schweren Centralized Portfolio Management-Geschäfts von Parametric, mit 4 Milliarden US-Dollar in steueroptimierten Modellstrategien, die über ausgewählte Vermittler und RIAs für Einzelhandelsinvestoren verfügbar sind.

Positive
  • Platform expansion with addition of new partner Lazard Asset Management
  • Diversification of investment offerings through multiple well-established strategies
  • $42 billion in Centralized Portfolio Management business
  • $4 billion in tax-managed model strategies
Negative
  • None.

Insights

The expansion of Parametric's Custom Active platform represents a significant development in tax-efficient investment solutions. The addition of Lazard Asset Management and new strategies from existing partners creates a more comprehensive offering in the $42 billion Centralized Portfolio Management business. The platform now combines established active equity strategies with sophisticated tax optimization, addressing a important need in wealth management.

The key value proposition lies in the tax-efficiency overlay applied to traditional active management strategies. This hybrid approach allows investors to benefit from professional stock selection while maintaining tax optimization - a feature particularly valuable in the current high-tax environment. The expansion to include emerging markets and international equity strategies also provides broader diversification options with tax advantages.

The systematic loss harvesting and year-round tax optimization review adds measurable value for high-net-worth investors. With $4 billion already in tax-managed model strategies, this platform expansion signals strong market demand and potential for significant growth in customized investment solutions.

SEATTLE--(BUSINESS WIRE)-- Parametric Portfolio Associates LLC (Parametric), part of Morgan Stanley Investment Management (MSIM), is pleased to announce Lazard Asset Management as a new partner for the Custom Active solution, an innovative tax optimization capability for asset managers. Following the success with previously announced partner Capital Group, Parametric is introducing several new strategies that use the Custom Active solution for tax efficiency and other customization considerations.

“The Custom Active solution enables asset managers to greatly enhance their well-established strategies by providing tax efficiency, personalization and flexibility not available in other vehicle structures,” said Thomas Lee, Co-President and Chief Investment Officer at Parametric. “We are pleased to expand our product set with these latest strategies and help our partners meet the strong investor demand for investment strategies with active tax management and other customization features.”

The platform has grown to capture a wide range of well-established active equity strategies from Lazard Asset Management, and Capital Group, as well as MSIM investment teams including Eaton Vance, Calvert, and International Equity.

Strategies Tax-Managed by Parametric include:

  • Calvert International ADR
  • Capital Group Global Equity ADR
  • Capital Group International Equity SMA
  • Capital Group U.S. Income and Growth SMA
  • Eaton Vance Large-Cap Value
  • Eaton Vance Small-Cap
  • Lazard Asset Management Emerging Markets Equity Select ADR
  • Lazard Asset Management International Equity Select w/ Emerging Markets ADR
  • Morgan Stanley Global Franchise ADR
  • Morgan Stanley International Resilience ADR

All the active equity strategies use Parametric’s Custom Active solution to support complex investment needs through an active separately managed account (SMA) optimized for tax management. The SMAs also offer additional customization opportunities including sector and industry screens, and client-directed gain/risk budgets.

“As a pioneer in tax-managed overlays and customization with over three decades of experience, Parametric is well-equipped to provide products that help financial advisors meet their clients’ demand for tax efficiency and other investment considerations,” said Matt Witkos, Head of North America Intermediary Sales, MSIM. “Through Custom Active, we are able to elevate strategies from industry leaders and build a portfolio that meets an individual’s investment goals.”

Parametric implements an actively managed model provided by its asset management partners and seeks to systematically offset gains with losses through year-round tax optimization review. The Custom Active solution is offered through Parametric’s $42 billion Centralized Portfolio Management business that has $4 billion in tax-managed model strategies. The strategies are available to retail investors through select intermediaries and registered investment advisers (RIAs).

About Parametric

Parametric partners with advisors, institutions, and consultants to build innovative portfolio solutions focused on achieving their long-term financial objectives. A leader in custom solutions for more than 30 years, Parametric helps investors efficiently access market exposure, solve implementation challenges, and design multi-asset portfolios that respond to evolving needs. Parametric also offers systematic alpha strategies to complement clients’ core holdings. Parametric is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley. Learn more at parametricportfolio.com.

About Morgan Stanley Investment Management

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,400 investment professionals around the world and $1.6 trillion in assets under management or supervision as of September 30, 2024. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

Morgan Stanley: Lauren Bellmare, lauren.bellmare@morganstanley.com

Source: Parametric Portfolio Associates LLC

FAQ

What new partner did Parametric add to its Custom Active platform in 2024?

Parametric added Lazard Asset Management as a new partner to its Custom Active platform, expanding its tax optimization capabilities and investment strategy offerings.

How much assets does Parametric's Centralized Portfolio Management business manage?

Parametric's Centralized Portfolio Management business manages $42 billion, with $4 billion specifically in tax-managed model strategies.

What investment strategies are available through Parametric's Custom Active platform?

The platform offers various tax-managed strategies from Lazard Asset Management, Capital Group, and MSIM teams including Calvert International ADR, Capital Group Global Equity ADR, Eaton Vance Large-Cap Value, and Morgan Stanley Global Franchise ADR among others.

What customization features does Parametric's Custom Active solution offer?

The Custom Active solution offers tax efficiency, sector and industry screens, client-directed gain/risk budgets, and year-round tax optimization review through separately managed accounts (SMAs).

Morgan Stanley

NYSE:MS

MS Rankings

MS Latest News

MS Stock Data

213.25B
1.23B
23.67%
62.2%
0.92%
Capital Markets
Security Brokers, Dealers & Flotation Companies
Link
United States of America
NEW YORK