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 […]
RIAs Take Advantage of Discretion to Launch UMAs and Improve Efficiency
This is a summary from a session of the MMI Tech and Ops Conference with a panel made up of Registered Investment Advisors (RIAs). The discussions centered around the use of Unified Managed Accounts (UMAs) and the advantages of discretionary versus non-discretionary accounts. Moderator: Roger Paradiso, Director/CIO, Managing Director, Morgan Stanley Smith Barney Panelists: Dan Sherman, […]
The Pros & Cons of Overlay Portfolio Management Outsourcing
Excerpts from the 2009 MMI Technology & Operations Conference. The speaker for this session was Randy Bullard, Executive VP, Institutional Business Development, Placemark Investments. What is Overlay Management? Randy began by breaking down Overlay Portfolio Management (OPM) into two main components: Administrative/Operational Functions – Mostly accounting tasks such as simple asset class rebalancing, managing cash […]
