Diversified Investments for Wealth Management
What Is a Unified Managed Account?
Unified managed accounts (UMAs) offer high-net-worth investors a single, professionally managed account that combines various investments like mutual funds, stocks, bonds, and ETFs. These accounts simplify financial management by consolidating assets and regularly rebalancing to maintain optimal portfolio performance. UMAs are advantageous for those seeking an integrated approach to wealth management.
Key Takeaways
- A unified managed account (UMA) integrates various types of investments, such as mutual funds, stocks, and bonds, into a single professionally managed account.
- UMAs are favored by high-net-worth investors for their ability to consolidate multiple investments and provide comprehensive…
