Securities America Develops Unique Approach to Unified Managed Accounts
La Vista, Neb. – July 12, 2011 – Advisors can now combine separately managed accounts (SMA) and mutual fund wraps in a single Unified Management Account (UMA), a unique approach created with Envestnet on Securities America’s Managed Opportunities fee-based advisory platform. According to Envestnet, a leading provider of wealth management solutions to independent financial advisors, UMAs are among the fastest growing investments in the industry today. By 2013, an estimated $327 billion in client household assets will be managed through UMAs. “UMAs were originally designed as a way to