Unified Managed Accounts
Unified Managed Accounts (UMA) are the newest evolution for financial institutions in the open architecture investment management business. UMAs are important because they permit fiduciaries an easier way to execute their ongoing portfolio oversight responsibilities to high net worth investors.
What is a Unified Managed Account? A UMA is a technology enabled type of client account in which separate account strategies, mutual funds, ETFs, and other tradable securities can be combined and actively managed to achieve asset allocation and implementation objectives. UMAs permit all passive to all active management approaches and anywhere in between (e.g. a Core-Satellite approach).
UMAs can be actively managed across a number of portfolio attributes in order to comply with client restrictions, control portfolio risk and tracking error as well as to optimize after-tax return. Overlay portfolio management is enabled through state-of-the-art technology. CMC has partnered with the leading UMA enabling technology firm, Smartleaf of Boston, Massachusetts, to help our clients.
CMC’s UMA services can help your investment program in a number of critical ways. We can help you by serving as portfolio developers*, product researchers** as well as by serving directly as your program’s overlay portfolio manager through CMC O3 – Outsourced Overlay Option. CMC O3 is currently available through a number of trust accounting and custodial providers.
For more information about CMC O3 for your firm please contact Barry K. Mendelson, CIMA Managing Partner at 414-727-7995 or barry@cmarkc.com or Justin Van Til of Smartleaf, 617-939-7791 or jvantil@smartleaf.com.
* For RIAs, CMC developed and researched UMA portfolios are available on the TD Ameritrade, Fidelity, Pershing and Schwab Institutional platforms which are implemented through Atria Investments, LLC. For more information on these portfolios contact Barry K. Mendelson, CIMA 414-727-7995 or barry@cmarkc.com or Rich Conley at Atria Investments, LLC 843-388-6661 or rconley@adhesionwealth.com.
**Through our Research Consulting Services.
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