Jeff Gitterman, CEO of Gitterman Asset Management joined Julie Cooling, Founder and CEO of RIA Channel to discuss how advisors can access targeted ESG exposure through a unified managed account (UMA).
Advisors have more choices than ever when it comes to investment structure. Mutual funds, ETFs and SMAs each offer their own unique set of benefits and access points, but have been historically difficult to manage, rebalance and customize at scale. Unified Managed Accounts (UMAs) allow advisors to multilayer ETFs, mutual funds, and SMAs into a single custodial account within a single client contract. Cerulli expects 34% growth in unified managed accounts (UMAs), which would make them the fastest growing investment by RIAs in public markets.
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