The TD AMERITRADE Institutional UMA Program helps you offer your clients a unified, fee-based product with more investment choices by using Unified Managed Accounts. UMAs are portfolios made up of separate account strategies, mutual funds and exchange traded funds (ETFs) that offer asset allocation all in a single account. They can be ideal for clients who need customized portfolio solutions.
How the program works
This comprehensive program combines all of your clients’ investments into one account with a streamlined, single-sign-on authorization process. With this program, you can offer clients:
- Income management
- Automatic rebalancing
- Individual security/sector restrictions
- Potential tax savings through enhanced tax management capabilities*
- The option of orienting portfolios toward a specific style like growth, value or a combination of both
How can it increase my efficiency?
Both the operations and administrative activities of investments in your clients’ accounts will be handled by Placemark Investments, a third-party, industry-leading, active Overlay Portfolio Manager that launches and runs UMA programs for many of the industry’s top broker/dealers, banks and RIAs.
What is Overlay Portfolio Management?
Overlay Portfolio Management (OPM) is an investment discipline where the trading activities of all the managers and securities in a client’s UMA are coordinated together and customized to the client’s needs. With access to a variety of investment products, overlay managers can tailor and implement robust asset allocations suitable for individual investors at account minimums often below those in separately managed accounts (SMAs).
How your clients may benefit
Clients can simplify their investments by consolidating multiple accounts into a single account. It allows clients to combine separate account strategies, mutual funds and ETFs into one account with one registration. Clients gain:
1. Convenience and simplification:
- One set of account-opening paperwork
- One statement, one performance report and one Form 1099
2. Flexibility:
- Option to choose between separately managed accounts, mutual funds and ETFs
- Automatic rebalancing
3. Control
- Enhanced tax management capabilities
- Individual security/sector restrictions
- Consolidation of accounts to facilitate review and management of accounts
How your firm may benefit
Allowing an experienced manager to handle the investments in your clients’ accounts will help you focus on serving your clients and growing your firm. You will also have access to:
- Independent separately managed account (SMA) managers at lower minimums
- Multiple investment products such as SMAs, mutual funds and ETFs
- Portfolio models suited to your clients’ needs
The UMA Program is available to advisors working with TD AMERITRADE Institutional. To learn more, download a copy of the UMA Program Sales Sheet or contact a TD AMERITRADE Institutional representative today at 800-934-6124.
Carefully consider the investment objectives, risks, charges and expenses of any mutual fund or ETF before investing. To obtain a prospectus containing this and other important information, please call a TD AMERITRADE Institutional representative at 800-934-6124. Please read the prospectus carefully before investing. Past performance of a security does not guarantee future results or success.
*Optional tax management services provided by unaffiliated third-party companies are available at an additional cost.
TD AMERITRADE Institutional does not provide tax advice. Clients should consult with a tax-planning professional with regard to their personal circumstances.
ETFs can entail risks similar to direct stock ownership, and trading prices may not reflect the actual Net Asset Value of the underlying securities. Diversification does not eliminate the risk of experiencing investment losses. International investments involve special risks, including currency fluctuations and political and economic instability. Small-cap securities are subject to erratic market movements and may have lower trading volume than securities of larger established companies.
TD AMERITRADE, Inc. and Placemark Investments are separate, unaffiliated companies and are not responsible for each other’s policies or services.
Access to Unified Managed Account Program investment managers is provided by TD AMERITRADE Institutional as a service to financial advisors using the brokerage, execution and custody services of TD AMERITRADE Institutional. Participating investment managers are independent and are not employees or agents of TD AMERITRADE. TD AMERITRADE does not guarantee nor is it responsible for the completeness or accuracy of the data provided by third-party investment managers or for the quality of any investment manager's product or service. TD AMERITRADE makes no warranty or representation with respect to the service as to suitability or fitness for a particular purpose. In no instance should the listing of a third-party investment manager be construed as a recommendation or endorsement by TD AMERITRADE of the investment manager or of the investment manager’s investment strategies or recommendations. Furthermore, TD AMERITRADE does not recommend or endorse any security, strategy, or product described by any third-party investment manager. Please contact your primary investment advisor or the investment manager directly for the most recent information pertaining to their investment styles, strategies and management fees. Brokerage services provided by TD AMERITRADE, Inc.
