Separately managed accounts, run cleanly
Bespoke institutional mandates with isolated reporting, dedicated governance and full transparency for the underlying allocator.
SMAs are how the largest institutional allocators want to invest. They need bespoke mandate terms, isolated reporting, dedicated governance and full transparency into every position and decision. Most managers run SMAs as a one-off bespoke spreadsheet workflow that does not scale and does not produce the reporting institutional allocators expect. Reuben AI provides one operating layer where each SMA runs to its own mandate while sharing the firm's underlying intelligence.
Why this vehicle needs purpose-built infrastructure
Each SMA is a different mandate. Concentration limits, sector exclusions, ESG screens, fee terms and reporting cadence all vary by allocator. The platform needs to enforce each SMA's mandate without manual reconciliation.
Allocators expect direct transparency. Institutional SMA investors typically expect direct access to position-level data, decision rationale and ongoing analytics, not periodic PDFs.
Governance scales by mandate. Each SMA may have its own investment committee, approval workflow and reporting cadence agreed at onboarding. These need to be encoded once and run reliably.
Fee math is bespoke. SMA fees are negotiated per allocator. Management fees, performance fees, hurdles, catch-ups and offsets all interact with each SMA's specific terms.
How Reuben AI handles it
Per-SMA mandate enforcement
Each SMA's mandate encoded once with concentration limits, sector exclusions, ESG screens and any other restrictions. Deals automatically tested against every applicable mandate before allocation.
Isolated reporting per allocator
Each SMA gets its own portal, its own reporting cadence and its own dashboard, while the manager runs everything from a single back office.
Bespoke fee computation
Per-SMA fee terms encoded once and computed automatically against position-level data, with full breakdown for allocator review.
Dedicated governance workflows
Per-SMA investment committees, approval thresholds and reporting cadences supported with full audit trail and provenance.
Cross-SMA portfolio analytics
Manager-level analytics across all SMAs alongside per-SMA reporting, so the firm sees the full picture while each allocator sees only their mandate.
Related solutions
Common questions
Can I run different mandates per allocator?
Yes. Each SMA's mandate is encoded once with concentration limits, sector exclusions, ESG screens and bespoke fee terms, all enforced automatically at the allocation step.
What does the allocator see?
Each allocator gets portal access scoped to their SMA only, with position-level transparency, decision provenance and reporting in formats agreed at onboarding.
How are bespoke fees handled?
Per-SMA fee terms including tiered management fees, performance fees, hurdles, catch-ups and offsets are encoded once and computed automatically against live data.
See Separately Managed Accounts in Reuben AI
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