White Papers

How the UMA is Changing the Advisory Space

Technology continues to advance multiple segments of the financial industry into a more efficient and user friendly experience. A core target of this revolution is the independent advisor and broker/dealer space, which has seen the continued amalgamation of services to promote unified technological hubs and integrated solutions across multiple services.

Clients are also becoming increasingly savvy as firms marketing directly to consumers are helping to educate the end client, who in turn demands these advantages from the advisors.

These developments have created new possibilities for reporting, administering, and managing client accounts and has led to a new ‘must have’ on the list of technological requirements: unified managed accounts, or UMAs.

UMAs are the next evolution in managed accounts.