Advisor Group says its enhanced unified managed accounts platform is now available to all financial professionals affiliated with its broker-dealers, including those recently acquired from Ladenburg Thalmann.
The updated platform lets advisors actively manage a portion of a client’s assets in a “Representative as Portfolio Manager” format and gives them access to some 7,000 mutual funds and exchange-traded funds, 1,000 separately managed accounts and 200 model portfolios, the firm says.
“Periods of economic disruption and market uncertainty are when our financial professionals shine … ,” said Advisor Group President and CEO Jamie Price, in a statement. “Our enhanced UMA platform reflects the continuous investments we are making in our business to ensure that our financial professionals have the resources they need to best serve clients across the widest possible range of market conditions.”
Since the beginning of 2020, financial professionals have added 56% more assets to Advisor Group’s overall wealth management platform compared with the same period of 2019, the firm said Thursday.
“More than 40% of the increase in assets came from assets in new accounts opened on the enhanced UMA platform, which was made available to [some] financial professionals and their clients earlier this year,” it explained.
Advisor Group works with some 11,300 financial professionals overseeing about $450 billion in client assets.
As of February, its BDs are FSC Securities, Royal Alliance Associates, SagePoint Financial, Woodbury Financial Services, Securities America, Triad Advisors, Investacorp, KMS Financial Services and Securities Service Network. (KMS, SSN and Investacorp are set to become part of Securities America by year-end.)