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Definition: Unified Managed Account (UMA)

Professionally managed private investment accounts that include multiple types of investments, such as mutual funds, stocks, bonds, exchange-traded funds (ETFs), and even separately managed accounts (SMAs), all within that single custodial account.

For firms using the Tamarac unified managed accounts (UMAs) initiative on the Envestnet platform, Tamarac offers a seamless integration to see Envestnet UMAs and associated sleeve accounts in Tamarac.

For more information, see:

• Envestnet Unified Managed Account Integration

• Understanding Sleeve Reporting

• Tamarac Unified Managed Account (TUMA)