New enhancements to Envestnet’s unified managed account (UMA), such as product expansion, systematic income withdrawals and adviser-created asset allocations, will allow advisers to customize client accounts ranging from $150,000 to multi-millions on a single platform.

Using the newly improved UMA, advisors can choose from more than 1,200 products in 27 asset classes including mutual funds, ETFs and separately managed accounts. They will also receive performance reports on three levels: individual portfolio, asset class and securities.

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