Broker-dealers may be interested in unified managed accounts, but advisors remain skeptical.

According to a report issued by Cerulli Associates, broker-dealers are interested in asset managers who create off-the-shelf allocation models for unified managed accounts. The problem is, advisors want more control over how assets are allocated and are increasingly reluctant to recommend UMAs that don’t allow them to define where their clients’ assets are invested and when to drop a manager they think is underperforming.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access