HedgeCoVest, a provider of managed accounts technology for advisors, has launched a new program to streamline middle- and back-office operations for separately managed accounts, HedgeCoVest announced Wednesday.

The new program, called Deploy, allows advisors to outsource the day-to-day operations of their separately managed accounts business. Deploy offers hosted client onboarding; management of trade rotation and execution of all transactions across multiple custodians; handling of trade reconciliation and trade breaks; combining of more than one strategy in each account; and the ability to trade single securities in each SMA, HedgeCoVest says.

The program also provides investment firms with a single dashboard to make portfolio adjustments, the company says. Associated trades are implemented across all linked separately managed accounts regardless of the custodian, to facilitate the effective, real-time representation of the investment portfolio, HedgeCoVest says. This methodology reduces price-gap exposure between accounts and market price movements that may otherwise degrade the investment strategy, HedgeCoVest says.