11.14.24

Client Appetite for Fiduciary Oversight Drives UMA Adoption

by: Michael Taffe

As client preferences lean toward managed accounts and fiduciary oversight, the industry has seen significant growth in unified managed accounts (UMAs). Fiduciary assets have steadily gained ground across the industry, now making up 56% of all client assets, compared to 40% a decade ago, according to a Cerulli Associates report. Half of client assets at independent broker-dealers are now in managed accounts, more than doubling their share over the past decade.

Read the full article on Financial Advisor IQ