GB Unified Managed Account

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Unified Managed Accounts (UMA) are becoming more critical for high net worth and institutional clients who are looking to consolidate their various assets and have them professionally managed. Those clients are also looking for private portfolio managers that can beat their benchmarks and potentially offer superior returns on a consistent basis.

At GlobalBridge, we have the technology and the portfolio manager access that sets our bank and advisor clients apart. We also help them eliminate the need for third party reporting costs and reduce the need for multiple custodian accounts and trust accounts. And that means more profit.

Here's how it works:

We utilize a model portfolio overlay approach where over 70 different institutional managers supply their model portfolios to us, when they rebalance their institutional accounts. Trades are quickly – and cost-effectively – processed so that your clients have the same holdings and weightings, after adjusting for any client restrictions and any tax liability management. At the end of the trading day all transactions are uploaded daily to the bank trust accounting system or the advisor portfolio accounting system. This gives banks and advisors full and timely transparency of transactions and portfolio positions. Investment performance reports are available daily, monthly, quarterly and annually.

Our managers represent a wide range of disciplines, including 100 managed account strategies, 150 mutual funds and 250 exchange traded fund (ETF) strategies. Each month, these managers send us research reports that traditionally don't go to individual investors.

GlobalBridge also gives you regular quality assurance on your clients' portfolios via very detailed performance reporting: This performance reporting can be customized to provide your clients with as much or little data as they wish to receive.

The GlobalBridge UMA gives you the ability to better compete, gather assets and professionally manage your high net worth and institutional client assets.

To find out more, contact Chris Davis at 610.823.5267.

Multi-Manager Access/Diligence

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Currently, GlobalBridge has agreements with 75 managers representing 100 different investment styles. As our reputation rests upon the quality and performance of our approved managers, intense scrutiny factors into the review of every manager.

And as our reputation for quality asset management has spread, portfolio managers are now approaching us seeking to be added to our platform.

Our comprehensive due diligence process is the reason our 10-year track record has been so successful. When we review a money manager, there is a rigid discipline that we employ to ensure we fully understand all facets of that manager including:

• General firm background
• Staff turnover
• Operations/compliance information
• Regulatory review
• Audited track record
• Style consistency

The process starts with our Investment Research Group, a team of 13 investment veterans who puts the proposed manager through a three-step filter:

Level One begins with an overview of the bullet points listed above. If the manager/team/firm does not show consistency across those inquiries, then the group goes no further. Should the preliminary tests be passed, more comprehensive research is conducted such as how portfolios are constructed, risk management procedures, manager interviews by analysts, even disaster recovery plans.

Next, we apply research analytics to address possible issues like style drift, position turnover, asset allocations, standard deviation and a host of other metrics to ensure we totally understand the manager and where/how the returns are being generated.

Assuming our managers pass these tests, we move to Level Two. Here we apply Portfolio Opportunity Distribution (POD) analysis to determine if the manager is providing added value over his/her benchmark and to what significance. We also apply Barra Performance Analysis (BPA) to better understand where that added value is coming from and if significant.

Inclusive in Level 2 are screens for market timing, volatility, sectors/industries, leverage, trading activity, earnings growth and more.

Finally, the group applies Level Three disciplines where ultimately a manger is either approved, conditionally approved or rejected. This level of diligence is also ongoing, as approved managers will have to submit regular findings, research reports and quarterly managerial profiles to remain upon the GlobalBridge approved platform.

Once approved, managers are regularly monitored to ensure they are performing up to our standards. We will remove a manager that is unable to deliver consistent performance to our clients.

An additional benefit of using GlobalBridge managers is that these institutional fund managers would otherwise be unavailable to individuals and institutions with smaller assets. (Some managers won't invest less than $50 million, for example.) Our ability to overlay the managers' model portfolios on an exact, timely and cost-effective basis is the key to our proven success.

Finally, we can help provide diligence on managers currently being employed by our clients, and will include them in a unified managed account (UMA) so their clients have a total understanding of the assets they hold.

Performance Reporting

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We know that each of your clients have a different need for investment data. So we have a wide range of reports you can generate to meet their needs. Extensive research also provides compliance support as clients can fully understand the direction of their assets.

Clients have online access to these hi-definition reports, too. Of course, these reports will carry your brand name as GlobalBridge works behind the scenes to generate them.

Here are just some of the many reports we can provide:

• GIPS-compliant performance calculations with benchmark comparisons, performance attribution and cash flow analysis
• Household performance reports with drill-downs to both account and asset levels
• Inclusion of other asset types, money managers, partnership interests, etc.
• Separate reporting by manager, separate accounts, ETFs and funds
• Style, asset class, asset type, sector and sub-sector analysis
• Daily updates of the portfolio (vs. month-end at many firms)
• Flexibility to change benchmarks to blended, fixed or custom; vast indices to choose from

These reports can also save you money. One reason GlobalBridge clients like our reporting is because it gives them significant cost savings when they don't have to pay expensive third party pricing vendors.

To find out more about GlobalBridge performance reporting, contact, Paul Perseke at 612-335-7703.

Operational Efficiency Technology

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The whole process begins with our portfolio overlay technology. Portfolio managers send us their model and we quickly replicate it. We mirror the positions and their weightings by rebalancing them, and also take into account any client guidelines or restrictions including prudent tax liability management.

For trading and settlement we have developed strong relationships with a wide array of institutional brokers and dealers to ensure best execution. Our order management and order execution technology ensures our block trades are executed and allocated timely, accurately and fairly.

Trades then settle with more than 100 major banks and broker custodians so your preferred custodian retains full and transparent control and custody of your client's assets. And you retain control of your client relationship.

If you are a trust bank, we have developed connectivity to all major trust accounting providers including Trust/Rite, Infovisa MAUI, Metavante, SEI 3000, Sungard Charlotte, Sungard AddVantage, HWA International, and AccuTrust. Additionally, we connect with most broker accounting systems. We provide daily uploads/downloads of the transactions and positions.

Operational efficiency also extends to your sales process with our customized desktop proposal generator. This tool lets you tailor client presentations and select money managers, their holdings, performance, multiple household accounts and asset allocation models, etc. A risk tolerance questionnaire will help you better understand your client's goals and objectives. These proposals can be modified and saved online should a client want you to make any changes.

The GlobalBridge Relationship Management Team is another integral operational component. The team provides online help, account set-up/changes, assistance with manager selection and conducts a regularly scheduled call to review managers. In addition, they will update you on website enhancements and any changes to the GB approved manager platform.

For more information about the operational efficiencies we can offer and to schedule a web demonstration, please contact Ben Avis at 612.335.7709.