Morgan Stanley Smith Barney has been named 2010 Managed Account Solutions Firm of the Year by the Money Management Institute at its annual Gateway to Leadership Industry Recognition Dinner in New York. The Money Management Institute is the national organization for the managed solutions industry, representing portfolio manager firms and sponsors of investment consulting programs.
"We are honored to receive an award reflecting Morgan Stanley Smith Barney's notable achievements in 2009, which, by virtually any measure, was a milestone year," said James J. Tracy, Director of MSSB's Consulting Group.
For the quarter ended December 31, 2009, MSSB ranked first in:1, 2
- total managed solutions assets and market share
- SMA advisory assets and market share
- portfolio manager assets and market share
- UMA advisory assets and market share
MSSB has enhanced its unified managed account capability to help clients benefit from one of three investing formats:
- full discretion of the sponsor
- full discretion of the Financial Advisor
- a non-discretionary arrangement, in which the client drives all key decisions
MSSB has enhanced its presence in institutional consulting. Since the end of 2009, MSSB's Consulting Group, which includes Graystone Consulting, ranked second nationwide by the number of endowment/foundation clients; third by the number of defined benefit plan clients;3 and second nationwide as ranked by consultants by managed assets.4
1. MMI Central, 4Q 2009. The analytics contained in the MMI Central publication are drawn largely from data collected through MMI's proprietary web-based survey. In addition, Dover Financial Research, a research and consulting firm specializing in the financial services industry, conducts independent, interview-driven research with top executives across the financial services industry to gain a deep understanding of trends, challenges and opportunities. Morgan Stanley Smith Barney was ranked No. 1 in terms of total managed solutions assets and market share, No. 1 in terms of SMA advisory assets and market share, and No. 1 in terms of rep as portfolio manager assets and market share for the quarter ending December 31, 2009. The managed solutions category includes traditional SMA, multi-discipline portfolio, unified managed account, unified managed household, mutual fund advisory, exchange-traded fund ("ETF") advisory, rep as portfolio manager and rep as advisor programs. A traditional SMA program is a single account that corresponds to a single investment strategy. A multi-discipline program is a separate account that houses multiple investment strategies in a single account. A unified managed account is a single account that houses multiple investment products such as SMAs, mutual funds and ETFs. Unified managed households are placeholders that aggregate multiple accounts, support the delivery of multiple products and provide the ability to manage an investor's portfolio in a comprehensive fashion. Mutual fund advisory and ETF advisory programs allow investors to allocate their assets across multiple funds. A rep as portfolio manager program is a fee-based, discretionary program that allows the financial rep to act as the portfolio manager. A rep as advisor program is a non-discretionary, fee-based program that enables an investor to hold different types of securities and obtain advice from the financial rep, but the client makes the actual investment decisions.
2. 4Q 2009 Summary, Cerulli Associates. Cerulli Associates' data are based on data submitted by firms participating in Cerulli's survey. Morgan Stanley Smith Barney was ranked No. 1 in terms of assets under management out of the firms listed in the industry for the quarter with respect to Unified Managed Account programs. Unified Managed Accounts (UMAs) are vehicle-neutral platforms that simplify the delivery of multiple investment vehicles, such as separate accounts, mutual funds, exchange-traded funds and individual securities through their integration with a single environment. Rankings are subject to change. Some historical figures may be revised due to newly identified programs, firm restatements, etc.
3. Plan Sponsor, August 2009; Ranking includes Graystone Consulting and Consulting Group Institutional Services at Morgan Stanley Smith Barney. Plan Sponsor: Plan Sponsor magazine submitted questionnaires to 103 retirement plan consulting firms in July 2009. A total of 73 retirement plan consulting firms completed the questionnaire. The top ten consultants are listed by various criteria as reported in the survey. For more information, go to www.plansponsor.com. For the purposes of this survey, "institutional" is defined as any type of retirement plan, including foundations and endowments. The ranking is not indicative of a firm's future performance. Neither Morgan Stanley Smith Barney nor its affiliated financial advisors pay a fee to Plan Sponsor in exchange for this report.
4. Pensions & Investments, 2009 Consultants Directory, November 30, 2009; Ranking includes Graystone Consulting and Consulting Group Institutional Services at Morgan Stanley Smith Barney. Pensions & Investments: 2009 Consultants Directory. Pensions & Investments ranked 20 institutional consulting firms by assets under management as of June 30, 2009. The listing of Consultants by managed assets lists consultants offering funds of funds or other discretionary money management products. This ranking is subject to change, reflecting any corrections, as approved and updated by P&I editorial. The ranking is not indicative of a firm's future performance. Neither Morgan Stanley Smith Barney nor its affiliated financial advisors pay a fee to Pensions & Investments in exchange for this report.