Customizable, cost-efficient and tax-smart solutions tailored to meet investors’ unique objectives.
SMA assets under management across all strategies as of December 31, 2025.
Unique separately managed accounts as of December 31, 2025.
Experience as an established provider in the SMA business, with 15+ years experience in custom, tax-optimized investing.
Custom SMAs by Invesco empower delivery of customized solutions and tax-efficient outcomes clients expect.
Tax-Aware Enhanced Cash
The strategy invests in a blend of investment grade tax-exempt municipal bonds and taxable bonds, which may include corporate, treasury/agency, government MBS, TIPS, and taxable municipal bonds. It targets a weighted average portfolio duration of 1.25 years with individual bond maturities of no greater than three years and exhibits minimal sensitivity to changes in interest rates.
Tax-Free Enhanced Cash
The strategy invests entirely in investment grade tax-exempt municipal bonds and targets a weighted average portfolio duration of 1.25 years with individual bond maturities of no greater than three years. This low-duration strategy is designed to exhibit minimal sensitivity to interest rate changes.
Enhanced Tax-Optimized Large Cap Equity
The strategy provides investors with broad long/short exposure to large-cap US equities and seeks to deliver tax alpha using a highly systematic, quantitative research-driven investment process. Through a state-of-the-art portfolio management platform, the team incorporates tax-optimized investing with client specific customization capabilities.
Tax-Optimized Total Market Equity
The strategy provides investors with broad exposure to all-cap US equities and seeks to deliver tax alpha using a highly systematic, quantitative research-driven investment process. Through a state-of-the-art portfolio management platform, the team incorporates tax-optimized investing with client-specific customization capabilities.
Investors guide to SMAs
Advisor FAQs
Don't just manage taxes; optimize them
Tax alpha: Seek to boost your wealth with a tax-smart portfolio
See how separately managed accounts have evolved to become easier to use, more powerful tools for customization and tax optimization.
| SMA | Then | Now | Details |
|---|---|---|---|
| Account set-up | Paper-intensive | E-sign | Advisors and their clients can now create new SMAs and transfer accounts without printing and signing mountains of paperwork. |
| Asset allocation | Generic | Precise | A broader range of investments and better construction techniques mean advisors and their clients can build portfolios to exacting specifications. |
| Personalization | Limited | Extensive | New screening tools give advisors and their clients the ability to customize portfolios to express unique objectives and personal values. |
| Tax management | Periodic | Continuous | Sophisticated techniques and software make it possible to continuously monitor portfolios for opportunities to generate meaningful tax-alpha. |
| Visibility | Low | High | Advisors and their clients have 24/7 online access to portfolios through dashboards and portals, as well as access to trade rationales and other investment ntelligence. |
| Fees | Premium | Competitive | Efficiencies from digitization and rising competition continue to drive SMA fees lower, making SMAs increasingly affordable for a wide range of clients. |
Talk to our SMA specialists about how to bring Custom SMAs to your portfolio. Call us at (866) 769-2773 or provide your contact information and we'll reach out to you.
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