A unit of E*Trade Financial has launched an investment solution that encompasses multiple investment strategies in one professionally managed account. The brokerage’s Unified Managed Account (UMA), which is a fee-based investment solution for a portfolio of $250,000 or more, is co-advised by Pershing affiliate, Lockwood Advisors. E*TRADE’s new solution will enable customers to work with a dedicated investment professional to obtain a comprehensive, integrated approach to asset allocation, investments, portfolio rebalancing and tax management. E*TRADE UMAs will seek to maximize risk-adjusted returns by investing in a variety of investment vehicles, including individual stocks through over 30 manager models, mutual funds and/or ETFs and will be customized as per customer’s specific investment needs.
Click here for the release from Business Wire.