Many traditional UMAs fall down when it comes to creating clarity for clients and scalable efficiencies for advisory businesses. And advisors know that striking the right balance between these two goals is easier said than done.
In our latest eBook we are introducing a new breed of UMA which offers more flexibility to clients while delivering operational efficiencies, control and oversight to advisors and firms. Where other UMA solutions fall down, InvestEdge’s UMA stands up.
3 Best Practices for Maximizing the Power of UMAs
Unified Managed Accounts (UMAs) have become a powerful tool to help investors gain a more comprehensive view of their assets while streamlining many time consuming operations for advisors and firms. And their impact on the industry is only expanding. According to research from the Money Management Institute, UMA assets are projected to triple between 201 and 2020.
Managed accounts’ increased popularity has gone hand in hand with the rise of fee-based advisory options to meet an increased industry focus on fiduciary standard of care. At the same time, organizations are gravitating toward UMAs as an attractive way to scale their offering in a climate of shrinking margins and fee compression. They’ve gained particular traction in the bank and trust sector, where many have expanded access to external managers while seeking to maintain control and oversight. Yet all UMA solutions are not created equal.
Wealth management firms, particularly banks and trusts, still face challenges in selecting and implementing a UMA solution that creates clarity for the client and scalable efficiency for the firm. Finding tools that strike the right balance between these goals is easier said than done, and many UMA solutions come up short.
InvestEdge introduces a new breed of UMA which offers more flexibility to clients while delivering operational efficiencies, control and oversight to advisors and firms. Where other UMA solutions fall down, InvestEdge’s UMA stands up.
Download our latest eBook which focuses on the criteria advisors should use when seeking the right solution for their firm.
