Mass-Affluent Offices Driving UMA Growth

February 4, 2008

MIAMI-Unified managed accounts (UMAs) continue to grow at the expense of legacy separately managed accounts (SMAs), according to a presentation at the National Investment Company Service Association's '7th Annual Managed Accounts Technology and Operations Conference' here last week, at the Doral Golf Resort and Spa. 'The shift from SMAs to UMAs and other products is all part of the movement of family office-type services to the mass-affluent market,' said Walter Makarucha, a managing director at Odyssey Financial Technologies.

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