Unified Management Accounts in Trust Market

Earlier this year, Citigroup added trust services to its Unified Management Accounts (UMA) platform to be competitive in the trust market. A UMA allows advisors to “build a client portfolio out of securities from multiple asset classes and hold them on the same platform.” More advanced UMAs inform clients of third-party investment ideas that they can overlay on their accounts. Citigroup has now added this more advanced UMA option to their platform.

Scott Martin, Citigroup Adds Trust Services to Its UMA Platform, The Trust Advisor Blog, Mar. 6, 2011.

Special thanks to Jim Hillhouse (WealthCounsel) for bringing this article to my attention.