UMA meaning in Business ?

Business Miscellaneous in Business . 2 months ago

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What is Unified Managed Account mean?

Unified managed accounts are managed investment accounts that have developed out of separate accounts. Where a separate account holds the securities associated with a single investment manager or style managed for a client, a unified managed account typically holds multiple separate accounts, as well as other investment products such as mutual funds and exchange traded funds. Unified managed accounts also typically automate services such as rebalancing, cashflow management, and other services that are typically handled manually by financial advisors or institutions when using a separate account. A unified managed account removes the need to have more than one account and combines all of the assets into one account with a single registration.

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Posted on 02 Oct 2024, this text provides information on Business related to Miscellaneous in Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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