SMA Portfolios - Tailored, not Templated
Others talk about tailoring; we actually do it. We don't try to squeeze your clients into a standardised, off the shelf portfolio. We seek to understand your investment philosophy, then partner with you to implement that vision with enhanced rigour, professionalism and efficiency.
We build truly tailored managed account portfolios for Australian advice firms able to commit >$100m of FUM. Active, passive, core/satellite; White-labelled or independently branded; Income focused or total return; Managed funds, ETFs or direct equities. Evolution, or revolution — it's up to you.
Our Tailored Portfolio Construction Process
YOU are at the centre of everything we do
We view portfolio construction as a deep collaboration. Our structured, flexible process ensures the final Managed Account suite perfectly aligns with your firm's philosophy and client needs. Tailored, not templated.
Discovery & Alignment
We sit down with you to understand the core of your business — your clients, your strategy, and your current portfolio approach.
Portfolio Audit
We conduct a thorough review of your existing portfolios. Together, we identify what's working well and what needs improvement.
Team Preference Mapping
Key members of your team complete our proprietary 'Tailored Portfolio Style' questionnaire to ensure investment beliefs are aligned.
Proposed Portfolios
We design a complete suite of portfolios alongside the rigorous investment logic underpinning each decision for your feedback.
Refinement & Finalisation
We integrate your feedback, making necessary adjustments. We repeat this loop until you are completely satisfied.
Platform Implementation
We are platform agnostic and work directly with your chosen provider to get portfolios available as SMAs in the shortest timeframe.
Client Rollout Support
We collaborate on a comprehensive rollout plan — written materials, professional video content, or in-person presentations.
Ongoing IC Partnership
Key members of your firm become vital members of the Investment Committee, maintaining a say in every investment decision.
Building Blocks
Asset Allocation
At the heart of every successful investment strategy lies a single, defining decision: how your capital is distributed across asset classes. Academic research confirms that Asset Allocation accounts for approximately 91% of long-term returns.
Precision Through Granular Benchmarking
We dive deep into granular benchmarks to ensure a crystal-clear view of the 'bets' being taken. Every deviation from the benchmark is a deliberate, high-conviction move aligned with your firm's philosophy.
Strategic Discipline Over Market Noise
We rely primarily on a robust Strategic Asset Allocation (SAA), maintaining the discipline to stay the course when others are distracted by short-term volatility.
Capitalising on Historical Extremes
When markets reach historical extremes — typically >2 standard deviations from their mean — we make targeted, evidence-based adjustments to enhance returns or protect capital.
Manager Selection
We don't believe in a one-size-fits-all approach. In highly efficient sectors we lean towards being less active. In less efficient spaces where skilled managers consistently add value, we prefer a more active stance.
The 3 P's and Fees
Our team conducts over 500 manager meetings every year, subjecting every partner to our 'People, Process, Performance, and Fees' framework.
Unmasking True Jensen's Alpha
We use a proprietary methodology to strip away style biases and structural tweaks. If performance can be replicated by a cheap 'smart-beta' ETF, we won't pay active fees for it.
Maximising 'Bang for Buck'
We target a maximum 30% alpha capture for the manager, leaving at least 70% of the excess return in your clients' pockets. We negotiate the best possible fee deals.
Portfolio Construction
Our construction process involves a deep dive into Manager Complementarity to prevent unintended concentration and hidden risks. We move beyond surface-level labels to analyse how managers interact within a portfolio.
Style and Factor Analysis: We ensure your portfolio isn't accidentally tilted toward a single factor unless that is a deliberate choice.
Correlation of Returns: We pair managers whose excess returns are minimally correlated, ensuring stability across market cycles.
Overlap & Common Holdings: We scrutinise portfolios to ensure you aren't paying multiple active fees for the same underlying stocks.
Risk Factor Mapping: We evaluate how macroeconomic risks aggregate across the entire portfolio to align with your firm's risk appetite.
We don't just pick players; we build a team.
Communication
Exceptional investment management is only half of the equation. High-quality, transparent reporting keeps clients informed, engaged, and invested during periods of market volatility.
Adviser Connect
Our custom-built communications portal gives your team instant access to all the latest content and insights, centralised in one hub.
Fully White-Labelled Content
Custom video reports, high-impact factsheets, strategic reporting and professional SOA inserts — all branded for your firm.
Timely Updates
We provide timely market updates during periods of stress and same-day explanations whenever we execute a portfolio transaction.
Implementation, Monitoring & Governance
In an era where regulatory oversight of Managed Accounts is expanding rapidly, we act as your dedicated partner in navigating this complexity, ensuring your portfolios are fully compliant.
Streamlined Platform & Regulatory Management
We manage the critical relationships with investment platforms, Responsible Entities, and Regulators, removing administrative friction from your operations.
Rigorous Portfolio Governance
We provide structure for your Investment Committee, manage trading and rebalancing execution, and conduct ongoing mandate adherence monitoring.
Client Success Stories
"We ended up choosing Bellmont because we felt they gave us the best opportunity to build a partnership..."
Steve Thomson
"One of the benefits that Bellmont has is they've got the 'Institutional' knowledge of a big business, but the service level of a small one..."
Ethan Stein
Make the Switch
Contact us for a complimentary portfolio review and discover how Bellmont's tailored approach can transform your investment offering.
