Globally reputed trading platform, SFOX, or the San Francisco Open Exchange has broadcasted the news about the launch of its revolutionary “Separately Managed Account Solution” designed specifically to cater to the requirements of investors. The new solution will aid the investors in creating their customized crypto trading strategies in a convenient manner. A separately managed account is a type of investment account in which the portfolio of assets is managed and operated by a professional investment firm or wealthy investors. These accounts offer direct ownership of the securities to the owner and also provide tax advantages in comparison to mutual funds.
According to the official reports from SFOX, the new facility will help the fund managers in managing individual securities of their clients in a single account. This will help the fund managers to manage and keep track of the assets of their customers by designing personalized crypto trading strategies. The firm has confirmed that the new feature will not be accessible by investors dealing with digital assets.
SFOX affirmed that crypto investors could employ the tax-reporting products offered by the platform to consider taxation while taking strategic decisions regarding portfolio management. The crypto hedge fund managers, traders, service providers as well as traditional asset managers dealing in crypto assets can enjoy the lucrative benefits of the latest service launched by SFOX.
Established in 2014, SFOX is striving hard to bring the best services at disposal for traders and fund managers who put in their funds in crypto assets. The platform sources more than 20 exchanges, OTC brokers, and liquidity providers operating in the global marketspace. Boasting of a customer community of over 175,000 traders, the SFOX team aims to offer economical trading activities and deeper liquidity access to its customers.
Earlier in May 2019, SFOX entered into a partnership with New York-based M.Y. Safra Bank to offer deposit accounts facility to its customers. The accounts were secured by the Federal Deposit Insurance Corporation.