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SMA Workstation

Scale Your SMA Business.
Not Your Team.

Manage large numbers of individually managed bond portfolios from one connected workstation—using consistent investment rules, market intelligence, and trading workflows without adding the same amount of manual work.

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THOUSANDS OF PORTFOLIOSINTELLIGENT AUTOMATIONOPTIMIZED OUTCOMES SMA WORKSTATIONOne intelligent workflow.
THOUSANDS OF PORTFOLIOS
INTELLIGENT AUTOMATION
TRUE MARKET SMA WORKSTATION
ONE PORTFOLIO-FIRST WORKFLOW
MODEL + IPS OPPORTUNITY EXECUTION
One Intelligent Workflow. Institutional Scale.
The Intelligent SMA Workflow

Scale the portfolios.
Not the operational burden.

The workstation organizes the work around the portfolio — from rules and surveillance through discovery and execution — so scale comes from intelligence instead of additional manual process.

Scale Is the Outcome

Portfolio Intelligence. Market Intelligence. Execution.

Keep portfolio context intact from surveillance through opportunity and execution — so capacity grows faster than operational burden.

1

Build

Create models and portfolio rules. Apply portfolio-level IPS guidelines.

2

Monitor

Continuously monitor drift, compliance, cash, and tax-loss opportunities.

3

Discover

Bring dealer-direct liquidity, offerings, BWICs, bond scoring, and relative value into context.

4

Execute

Match bonds to eligible portfolios and execute bulk or individual trades electronically.

5

Scale

Manage thousands of portfolios with greater precision and no additional operational complexity.

CrossX™ · Tax-Loss Harvesting + Swap Intelligence

Turn tax-loss harvesting into a daily workflow.

CrossX identifies and matches municipal bond swap opportunities across SMA portfolios — applying portfolio constraints, swap rules, and risk measures before presenting actionable trades for review and execution.

TAX-LOSS OPPORTUNITYSELL CANDIDATESCUSIP · Quantity · Portfolio IDOptional cost basisPORTFOLIO INTELLIGENCERULES + CONSTRAINTSWash sale · Yield · Spread · RatingDuration · State · Issuer · SectorMATCHING INTELLIGENCEACTIONABLE OUTPUTOPTIMAL SWAPLocked candidates + pricingReview · Accept · ExecuteREJECTED OR CHANGED CANDIDATES RETURN TO THE MATCHING POOLContinue matching against the next best eligible candidates.TAX-LOSS OPPORTUNITYSELL CANDIDATESCUSIP · Quantity · Portfolio IDOptional cost basisPORTFOLIO INTELLIGENCERULES + CONSTRAINTSWash sale · Yield · Spread · RatingDuration · State · Issuer · SectorMATCHING INTELLIGENCEACTIONABLE OUTPUTOPTIMAL SWAPLocked candidates + pricingReview · Accept · ExecuteREJECTED OR CHANGED CANDIDATESRETURN TO THE MATCHING POOLContinue matching against the next best eligible candidates.
Lower transaction costsDesigned to make tax-loss harvesting more economical.
Less manual workMatching intelligence reduces the labor required to identify swaps.
Portfolio-aware proposalsRules, risk measures, and portfolio constraints stay in the decision.
Connected executionApproved swaps move from review toward execution within the workflow.

CrossX for Municipals. A specialized capability within the True Market SMA Workstation.

28×Accounts & Holdings Growth
Proven at Institutional Scale

More Accounts. More Holdings. Same Team.

One institutional wealth manager scaled from roughly 1,300 accounts to 35,000+ while using the same portfolio-management team — demonstrating what happens when workflow capacity grows faster than headcount.

Built in the Market · For Portfolio Managers

One system around the decisions that drive the book.

Portfolio intelligence, institutional liquidity, and execution stay connected instead of being split across separate tools.

Investment Intelligence

  • Portfolio rules & IPS
  • Bond scoring & analytics
  • Relative value analysis
  • Yield curve positioning
  • Price validation
  • Tax optimization

Institutional Liquidity

  • Dealer-direct access
  • Live offerings & BWICs
  • New issues
  • Normalized connectivity
  • Parsed RUNZ support

Intelligent Execution

  • Portfolio-to-bond matching
  • Bulk trading
  • Electronic negotiation
  • Click-to-trade execution
  • Full audit trail

Institutional Scale

  • Manage thousands of portfolios
  • Reduce manual work
  • Improve consistency
  • Increase efficiency
  • Scale without adding headcount
SMA Workstation

Manage thousands of portfolios as intelligently as one.

Scale the business without scaling the operational burden.

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