Login   |    |   News  |  Career Opportunities

Unified Management Accounts (UMAs)

Unified Managed Accounts (UMAs) are the newest evolution in the open architecture investment management business. UMAs permit fiduciaries an easy way to execute their ongoing portfolio oversight responsibilities to high net worth investors.

What is a UMA?

A UMA is a technology enabled client account in which separate account strategies, mutual funds, ETFs, and other securities can be combined into a single account registration (avoiding a lot of paperwork hassle for back offices, advisors and clients). 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 to comply with client restrictions, to control portfolio risk and tracking error as well as to optimize after-tax return with the assistance of an overlay portfolio manager.

For Registered Investment Advisors who want to use UMAs in their practice and avoid the upfront costs, day-to-day portfolio administration and UMA technology learning curve, CMC has developed ready-to-invest globally diversified and tactically managed UMAs which are available on the following platforms including:

  • Schwab
  • Fidelity
  • Pershing
For more information or to discuss your UMA needs contact:
Barry Mendelson, CIMA
© 2019 Capital Market Consultants All rights reserved.