Fund News Advisors Can Use: Just Invest, QMA Bring Custom ESG, Tax Management to RIAs
In this week's funds news, PGIM and SEI get into the direct indexing game and "The Convexity Maven" joins Simplify Asset Management.
QMA, the quantitative equity managers in PGIM, the asset management busines of Prudential, has partnered with direct indexing tech company Just Invest to launch PGIM Quant Select, a separately managed account service that allows registered investment advisors to build customized portfolios around traditional factor strategies, environmental, social and governance (ESG) factors and tax management.
The new offering combines QMA’s active equity management with Just Invest’s online platform; advisors can offer the accounts to clients with a $50,000 minimum.