As the growth in UMA programs continues, it is time for you to step back and assess how you and your firm are taking advantage of this growth. Are you leading the charge and attracting new client assets with cutting-edge wealth management programs (including UMA) or are you lacking the infrastructure to capitalize on this trend? The popularity of unified managed account (UMA) programs is growing rapidly. New data from Cerulli Associates cites discretionary UMA assets at $105 billion in the first quarter of 2012, up 29.7% from the $81 billion in the last quarter of 2011. The Money Management Institute estimates discretionary and non-discretionary UMA programs were up by more than 20% in the first quarter to $178.9 billion, which was a nearly 40% jump year-over-year.
Wealth management firms of any size can no longer afford to sit back and wait. It is time to invest – and quickly – in the technology and program infrastructure needed to launch, manage and grow a UMA program. FolioDynamix can help. With a range of options from a fully-managed turnkey hosted UMA program that can be up and running in days to a menu of choices that will allow you to design and deploy a fully-customized program on an enterprise technology platform, FolioDynamix is unique in its ability to help you now and in the future as you continue to expand your technology and program offerings.
Learn more about FolioDynamix UMA program offerings and our comprehensive enterprise wealth management technology solutions.