NEW YORK-As the unified managed account industry continues to grow, money managers must train financial advisers adequately to sell their products. As companies enter the UMA business, their most important task will be to continually educate, train and support advisers, speakers said during Financial Research Associates' Unified Managed Accounts conference here last week.

"If the marketplace is confused, the investor will be confused also," said John Wren, national product manager at Lockwood Advisors of Malvern, Pa., a subsidiary of The Bank of New York.

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