Smartleaf Core Portfolios (SCPs) are a family of automated tax-managed separate account products.
Rather than owning a slice of a bundle of securities (i.e. mutual funds), separately managed accounts (SMAs) allow investors to directly own all the securities in the account. For this reason, SMAs are an alternative to mutual funds and ETFs that supports:
SCPs track a selected index (e.g S&P 500®) with a user-selectable number of holdings (70 stocks, 120 stocks, etc.). Owning these stocks directly, while passively tracking an index, is known as direct indexing.
Smartleaf Core Portfolios take advantage of tax-management strategies that are not possible with ETFs and index funds
Smartleaf Core Portfolios cost less than actively managed funds, actively managed models, and most index funds and ETFs
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