Bond Buyer: Moneta Turns to IMTC to Expand Its Fixed Income Offerings

Bond Buyer’s Colin Royal reports on a move that signals where wealth management is heading. Moneta, a registered investment advisor managing $50 billion, has partnered with IMTC to power the fixed income side of its business.

The short version: as Moneta expands its tax-aware separately managed account programs, their team replaced legacy systems and manual workflows, and turned to purpose-built fixed income technology. CIO Andrew Kelsen and IMTC CEO Russell Feldman both describe the partnership as a natural fit, with Feldman calling it a perfect match for a firm looking to serve tens of thousands of clients.

The article describes what that shift actually unlocks, and how purpose-built technology changes the economics of running fixed income at scale. Read the full article by Colin Royal on The Bond Buyer.

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Q&A

What is IMTC?

IMTC is a fixed income investment management platform built for firms running separately managed accounts and individual bond portfolios. It brings portfolio construction, optimization, compliance, order management, and reporting into one place, so managers can build and monitor bond portfolios at scale rather than working across disconnected tools and manual processes. Moneta’s partnership, covered by Bond Buyer, is a recent example of a large RIA adopting the platform to modernize its fixed income operation.

Why are wealth managers moving fixed income off legacy systems and spreadsheets?

Bond portfolios get built one CUSIP at a time, and legacy or equity-first systems tend to leave fixed income teams filling the gaps with manual workarounds and Excel. That holds up until a firm tries to grow. As account counts climb, the manual effort scales right alongside them, which caps how many clients a team can realistically serve. Moving onto purpose-built technology is how firms like Moneta break the link between growth and headcount, which is what CIO Andrew Kelsen described in stepping beyond legacy systems and manual workflows.

How does IMTC help RIAs scale tax-aware SMA programs?

By automating the heavy lifting of bond portfolio construction and optimization, IMTC lets advisors run tax-aware SMAs for far more clients without adding headcount in equal measure. That efficiency is what makes lower account minimums possible and lets firms gather assets faster. As IMTC CEO Russell Feldman put it, the platform helps firms leverage technology to scale their businesses and grow their revenue, while improving tax efficiency for the end client.

Does IMTC connect with systems like Orion?

Yes. In Moneta’s case, IMTC integrates with Orion for portfolio accounting and rebalancing, so the fixed income platform fits into the firm’s existing technology stack rather than replacing it. Connectivity to the order management, accounting, and custodial systems a firm already runs is a real evaluation criterion, and it is often what determines whether a new platform actually gets adopted.