WealthPort offers advisor-directed models, team-directed model management, CAAP1 strategist-directed model management, separately managed account, and unified managed accounts
with CLIC integration.
The program features a diverse set of investment solutions--including separately managed accounts, unified managed accounts
, mutual fund wrap accounts and third-party strategists--as well as a faster onboarding process, among other enhanced functionality.
Through its intermediary channel, it also offers retail and retirement clients mutual funds and ETFs, as well as separately managed accounts through wrap fee programmes and access to its investment models through unified managed accounts
. It is headquartered in Cleveland, Ohio, USA.
It also provides its services to pension and profit sharing plans, banking or thrift institutions, mutual fund supermarkets, defined contribution platforms, unified managed accounts
, sub-advisory accounts, institutional accounts, endowments, and foundations.
SMArtX is a next generation unified managed accounts
platform open exclusively to clients of SS&C Advent.
In addition to offering Unified Managed Accounts
(UMA) Overlay Portfolio Management via Vestmark's technology platform, the OAM team has also appointed strategic teams to manage client portfolios.
While traditional SMAs saw only a slight increase in the value of assets last year, unified managed accounts
(UMAs) and rep as portfolio manager (RPM) programs posted what MMI called "healthy gains" of 24.4% and 5% in assets, respectively.
Envestnet also acquired Placemark Holdings, Inc., a leading developer of unified managed accounts
programs, in October, which positioned Envestnet as one of the top five UMA program providers.
Unified managed accounts
are managed investment accounts that have developed out of separate accounts.
Variable annuities 65% Separately managed accounts 63% Life insurance 45% Mutual fund wraps 37% Commissionable mutual funds 19% Unified managed accounts
19% Note: Table made from bar graph.
Through its intermediary channel, Victory Capital also offers retail and retirement clients mutual funds and ETFs as well as separately managed accounts through wrap fee programs and access to its investment models through unified managed accounts
. For more information, please visit www.vcm.com.
We looked at advisors who were the top users of unified managed accounts
(UMAs) for large accounts (those greater than $1 million), and compared the growth rate of those advisors' firms to the population not using UMAs for larger accounts.