Unified Managed Account

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Unified Managed Account

An actively managed portfolio that contains many different investment vehicles, such as stocks, bonds, mutual funds, ETFs, and so forth. Some portfolios are structured such that they may only contain one investment vehicle or another, requiring an investor to open multiple accounts in order to diversify. A UMA prevents this.
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References in periodicals archive ?
The TAMP makes a series of institutionally managed investment strategies available through a unified management account (UMA).
The TAMP makes dozens of strategies managed by a host of institutional managers available through a unified management account (UMA).
The deal will also give AssetMark's 6,500 advisor platform users access to several Clark Capital investment products, through Clark's PUMA (Personal Unified Management Account) SMA.
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