Unified Managed Account - UMA

AAA

DEFINITION of 'Unified Managed Account - UMA'

A professionally managed private investment account that is rebalanced regularly and can encompass every investment vehicle (e.g. mutual funds, stocks, bonds and exchange traded funds) in an investor's portfolio, all in a single account.

INVESTOPEDIA EXPLAINS 'Unified Managed Account - UMA'

The unified managed account is an evolution of the separate account, which is similar in that it is a professionally managed account which is rebalanced often but only contains one type of investment instrument (such as mutual funds). If an investor wanted to have a well-diversified portfolio of stocks, bonds and mutual funds, he or she would need to open three separate accounts. The UMA removes the need to have more than one account and combines all of the assets into one account with a single registration.

RELATED TERMS
  1. Advisor

    1. The person or company responsible for making investments on ...
  2. Exchange-Traded Fund - ETF

    A security that tracks an index, a commodity or a basket of assets ...
  3. Asset Allocation

    An investment strategy that aims to balance risk and reward by ...
  4. Managed Account

    An investment account that is owned by an individual investor ...
  5. Mutual Fund

    An investment vehicle that is made up of a pool of funds collected ...
  6. Rebalancing

    The process of realigning the weightings of one's portfolio of ...
Related Articles
  1. Introduction To Multi-Discipline Accounts
    Investing Basics

    Introduction To Multi-Discipline Accounts

  2. Separately Managed Accounts: A Boon ...
    Mutual Funds & ETFs

    Separately Managed Accounts: A Boon ...

  3. The Quest To Build A Unified Managed ...
    Mutual Funds & ETFs

    The Quest To Build A Unified Managed ...

  4. 3 ETF Signals You May Use For Confirmation
    Economics

    3 ETF Signals You May Use For Confirmation

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center