Transamerica Expands Partnership with Great Lakes Advisors for Managed Accounts
Transamerica Asset Management has expanded its partnership with Great Lakes Advisors, a subsidiary of Wintrust Financial Corp., to include the Large Cap Value UMA and SMA strategy. This collaboration aims to enhance Transamerica's managed account offerings while enabling Great Lakes Advisors to reach more advisors through Transamerica’s distribution network. The move aligns with growing demand for managed accounts among wealthier clients, as assets in SMAs (Separately Managed Accounts) and UMAs (Unified Managed Accounts) are projected to grow at a double-digit rate annually. These account types are expected to surpass $31.8 trillion by 2028. Both companies emphasized the importance of large cap value exposure for portfolio diversification, particularly in an environment with increasingly concentrated equity allocations.
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