Unified Managed Account

Moneybestpal Team
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A unified managed account (UMA) is a form of investment account that gives investors access to several asset classes and investment approaches in a single portfolio. 

A UMA can include equities, bonds, mutual funds, exchange-traded funds (ETFs), separately managed accounts (SMAs), and alternative investments in one account, unlike traditional accounts that call for separate accounts for each asset class or investing strategy.

The benefits of a UMA include:
  • Simplified reporting and tax management: Investors can benefit from tax-efficient asset allocation and rebalancing, as well as consolidated statements and tax documentation for their whole portfolio.
  • Customization and flexibility: Investors can modify their portfolios to reflect their unique goals, levels of risk tolerance, tastes, and moral standards. Also, they have the option to modify their portfolio as their needs evolve.
  • Professional guidance and oversight: Investors can collaborate with a consultant who can assist them in choosing the appropriate assets and tactics for their UMA. Also, the advisor has the ability to keep an eye on the portfolio's performance and make adjustments as necessary.

A UMA may be suitable for investors who have:
  • A substantial net worth or investable assets of at least $250,000.
  • A desire for exposure to different asset classes, strategies, and diversity
  • A desire for simplicity and convenience in managing investments
  • A requirement for individualized guidance and continuous assistance from an advisor