Separately managed accounts

Customize your portfolio with institutional money managers

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What is a separately managed account (SMA)?

A SMA is a portfolio of securities managed by an investment firm on an investor’s behalf, offering customization and direct ownership of securities.

Why use separately managed accounts?

Separately managed accounts provide individual investors access to institutional-quality money managers at reduced account minimums. Within this structure, the investor directly owns the securities in the portfolio, and can impose restrictions against the purchase of specific securities as a means of customizing the portfolio for their own requirements. This flexibility allows the investor the potential benefits of direct security ownership combined with professional management.

Direct security ownership may include:

  • Ability to transfer securities in-kind
  • Individual security reporting
  • Tax efficiency (loss harvesting, wash sale management)
  • Customization/restrictions (work around concentrated positions or personal preferences)

The benefits of Russell Investments' Separately Managed Accounts

Using Russell Investments’ Separately Managed Accounts, investors can implement a tax-efficient approach that leverages Russell Investments’ renowned investment manager research, selection and monitoring. This process is our trademark, forming the cornerstone of our advice to global institutional investors for more than 50 years.

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An uncommon level of access

Separately managed accounts incorporate in-depth manager research to select some of the world's best institutional investment managers. We package complementary managers intentionally chosen to provide broad coverage of specific asset classes.

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Objective manager oversight

Russell Investments' objective approach to evaluating and selecting money managers is designed to be clear and uncompromising at all times. We hire and replace managers as we think appropriate with the goal of creating optimal manager combinations in pursuit of a particular investment's objective.

Featuring SMAs Personalized Tax Management

Russell Investments’ Personalized Managed Accounts is a distinctive solution tailored to investors’ unique and specific needs, featuring separately managed accounts, custom overlay services (e.g., tax management and ESG considerations), and personalized transition management.

Personalized Managed Accounts
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Product Overview

Large Cap Managed Account

The Large Cap Managed Account seeks to provide long-term capital growth in U.S. large cap equities and is designed to outperform the S&P 500® Index over a full market cycle.

Minimum account size:

$80,000

Inception date:

5/1/2007

Typical holdings range:

80

Underlying managers*:

  • Brandywine Global Investment Management, LLC
  • J.P. Morgan Investment Management, LLC
  • Jacobs Levy Equity Management, Inc.
  • William Blair Investment Management, LLC
Large Cap Managed Account Overview

Small/Mid Cap Managed Account

The Small/Mid Cap Managed Account seeks to provide long-term capital growth in U.S. small/mid cap equities and is designed to outperform the Russell 2500™ Index over a full market cycle.

Minimum account size:

$60,000

Inception date:

5/1/2007

Typical holdings range:

80

Underlying managers*:

  • Ancora Advisors, LLC
  • Copeland Capital Management, LLC
  • DePrince, Race & Zollo, Inc.
  • Lord, Abbett & Co. LLC
  • Penn Capital Management, LLC
  • Polen Capital Management LLC
  • Royce & Associates, LP
  • Summit Creek Advisors, LLC
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International Managed Account

The International Managed Account seeks to provide long-term capital growth in non-U.S. equity and is designed to outperform the MSCI World ex USA (Net) Index over a full market cycle.

Minimum account size:

$60,000

Inception date:

9/1/2019

Typical holdings range:

80

Underlying managers*:

  • Intermede Investment Partners Limited and Intermede Global Partners Inc
  • Pzena Investment Management, LLC
  • Wellington Management Company LLP
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