LAS VEGAS - Unified managed accounts (UMAs) are quickly becoming a popular and viable option for Baby Boomers looking for more diversification in retirement, but the plans still have a lot of work to do in order to overcome certain hang-ups.

For one thing, there is still a lot of confusion among average investors about what UMAs are and why they are beneficial, but once investors understand them, they seem to want to have them.

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