Buy Low, Sell High: Managing Performance in the UMA World

The performance measurement aspect of a unified managed account (UMA) can become perplexing and labor intensive to manage due to the improvement of other product aspects, such as single registration and trade netting; however, it is an essential component of a UMA and, therefore, must be handled properly.

Advisors and managers should expect to spend some time reconciling, verifying data, and ensuring client expectations are correct. Focusing on these items ensures advisors and managers are in the best position to know what red flags to look for in order to easily and simply make necessary adjustments