Russell Offers New Integrated Managed Accounts Program

By James J. Green

September 28, 2005 at 08:00 PM

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Russell Investments, the Tacoma, Washington-based investment services company,

announced that it has combined for advisors its model mutual fund and separate

account offerings with its LifePoints funds of mutual funds into an integrated

platform called Managed Account Strategies (MAS) to help meet the investing

needs of a wide range of clients. The MAS program is available now to advisors

who custody client assets with either Schwab Institutional or Fidelity's

Registered Investment Advisor Group (FRIAG). Michael Winnick, Russell's director

of MAS, says that the new program, announced during Schwab's annual Impact

conference, delivers the benefits of Russell's institutional style and

multimanager approach to advisors' clients in an operationally efficient manner,

and compliments Schwab's own separate account offerings. MAS includes proposal

generation, account paperwork, billing, and performance reporting, Winnick

says, and takes advantage of Russell's access to top money managers and ongoing

manager due diligence. Winnick says that pricing for MAS, which runs about 10

basis points for the mutual funds to 110 bps for the separate account offerings,

represents "a premium program at competitive pricing"for advisor who embrace the

Russell institutional approach. While no other distribution deals are imminent,

Winnick said that Russell would consider additional "distribution deals with

organizations that get the Russell approach."

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