Betterment Launches Unified Managed Accounts to Enhance Portfolio Customization for Advisors
Betterment Advisor Solutions has introduced Unified Managed Accounts (UMAs), allowing financial advisors to combine model portfolios and custom strategies within a single account. This new feature enables more personalized, multi-strategy portfolio construction while maintaining automated rebalancing and tax management across investment sleeves. The launch supports Betterment's goal of providing scalable solutions for RIAs by integrating third-party models from firms like Goldman Sachs Asset Management, State Street Investment Management, and Vanguard into a cohesive platform. The UMA structure also sets the stage for direct indexing as an additional sleeve type in the future. UMAs aim to simplify portfolio management through automation while offering advisors greater flexibility without sacrificing control or efficiency.
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Topics: automated investing investment platforms portfolio management