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Advisor Group expands rollout of enhanced UMA platform


Advisor Group, a network of independent wealth management firms, has expanded the rollout of its enhanced Unified Managed Accounts (UMA) platform, making it available to all financial professionals affiliated with Advisor Group network firms.  The UMA platform enhancements provide independent financial professionals with significantly greater flexibility and simplicity in managing client portfolios on a holistic basis, while also making a greater array of investment options and capabilities more affordable and accessible to a broader range of clients.

Advisor Group’s enhanced UMA platform allows professionals to actively manage a portion of a client’s assets in a “Representative as Portfolio Manager” (or “Rep as PM”) format and gives them access to more than 7,000 mutual funds and ETF options with which to construct a blend of investments customised to each client’s risk tolerance and goals.  At the same time, the UMA platform enables advisors to allocate assets to approximately 1,000 separately managed accounts (SMAs) and more than 200 model portfolios, while managing all three groupings of assets on a single, consolidated platform.
Shannon Larson, Advisor Group’s Senior Vice President for Platform Management and Product Development, says: “The expanded rollout of our enhanced UMA platform reflects our commitment to continuously investing in the asset management tools and capabilities that our financial professionals want and need.  As everybody adjusts to a ‘new normal’ characterized by heightened economic uncertainty and market volatility, financial professionals are seeking asset management resources that are affordable, accessible and easy to use, all while elevating the client service experience they can offer.  Our enhanced UMA platform accomplishes just that.”

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