âWe are pleased that we continue to find ways to leverage our existing relationship with CheckFree and know they offer a robust product,â said Chris Tehan, vice president of Consulting Services at Raymond James. âThe quality and functionality offered by CheckFreeâs UMA solution gave us the confidence to provide overlay management in-house, which has provided us with significant cost savings.â
The CheckFree MMS portal is an innovative investment model management solution which can allow users to create and maintain an unlimited number of investment models and to leverage the solutionâs audit and compliance capabilities. The agreement with Raymond James continues the recent trend of CheckFree sponsor clients adopting CheckFree UMA for in-house overlay management. Nearly half of CheckFreeâs active overlay clients are sponsor clients, with at least six additional sponsor clients actively planning to set up new UMA models-only programs.
âThere is no better validation of the value we deliver to clients than when they decide to extend their relationship with us. We look forward to continuing our work with Raymond James in anticipation of the launch of their models-only program,â said Cheryl Nash, senior vice president, CheckFree Investment Services. âAs our UMA solution continues to provide top-notch, comprehensive support for this growing platform, itâs no surprise that more clients are choosing CheckFree when adopting in-house overlay management.â