Current Trends in UMH Programs & Technology

How have Unified Managed Households (UMH) been evolving in wealth management?  What are the essential elements of UMH?  Which segment of the industry has been leading with new UMH feature deployments? These questions and more were discussed during a panel session at the 12th Annual Managed Account and UMA Summit, organized by Financial Research Associates, […]

Envestnet buys UMA Experts Placemark Investments for $66 Million

Last week, I was contacted by my new favorite reporter at FundFire, Danielle Verbrigghe (sorry Tom Stabile) who was writing an article about the purchase of Placemark Investments by Envestnet.  She wanted my view on the benefits of the acquisition to Envestnet as well as for the managers currently on Placemark’s platform. Envestnet was already the […]

Envestnet’s ENV2 Platform Delivers New UMA Features

Sliced bread.  The electric light bulb.  Indoor plumbing.  Unified Manged Accounts (UMA’s) were supposed to be better than these revolutionary inventions and a whole lot more.  They still have not lived up to their hype, but UMA’s have become a standard offering for all managed account platforms. In this summary of a session from Envestnet’s […]

FolioDynamix Making Waves in Bank Trust Market

Fundfire featured an article yesterday about FolioDynamix adding a new client in the bank trust space.  They called me for comments on how the company has positioned themselves to increase bank trust market share and if their platform provides an opportunity for asset managers to sell more product. The article is by Danielle Verbrigghe, who recently […]

Advice for Going Global with Managed Accounts

As the world has become flatter due to the effects of globalization, investors have felt pressure to diversify beyond their domestic markets.  Most financial firms met this demand by offering assets registered in multiple jurisdictions, however, this was usually only for non-discretionary programs. Sponsors have recently been adding global capabilities to their managed account products […]

Going Under the Hood of Models-Only Programs

This is a summary of a session from the Money Management Institute’s Fall Solutions Conference that was held in October 2013 in New York City. Moderator: Heeren Pathak, CTO, Vestmark Panelists: Nancy Camarata, VP, Managed Accounts, Neuberger Bermann Anthony DiGangi, VP, Director of Managed Accounts Operations, Fred Alger Management David Laskar, Executive Director and Portfolio Manager, […]

The Future of Advice Delivery: What Will Solutions Look Like?

This is a summary of a session from the FRA’s 11th Annual Managed Account and UMA Summit that was held in September 2013 in NYC. Moderator: Walter Hartford, VP, Business Development, F-Squared Investments Panelists: Kathleen Shkuda, President, Zigzag Consulting Jack Sharry, EVP, LifeYield Michael Jones, Chairman and CIO, Riverfront Investment Group Unified Managed Accounts (UMA’s) […]

6 Keys to Launching a Successful UMA Program

This is a summary of a session from the FRA’s 11th Annual Managed Account and UMA Summit that was held in September 2013 in NYC. Moderator: Bill McFadden, U.S. Business Development, CGI Panelists: Chris Gibbons, VP Investment Product Management, PNC Asset Management John McDevitt, CFA, SVP, Brown Brothers Harriman Sophie Schmitt, Senior Analyst, Wealth Management, […]