Edward Jones Advisory Solutions® Unified Managed Account (UMA) Models
These models do the work of managing your portfolio for you while offering the potential for tax efficiencies
If you like to leave day-to-day investing decisions to the professionals and you could benefit from potential tax efficiencies, Advisory Solutions Unified Managed Account (UMA) Models do the work of managing your portfolio for you.
UMA features at a glance
- Delegated approach
- Mutual funds, exchange-traded funds (ETFs) and separately managed accounts (SMAs)
- Tax management strategies
- $300,000 minimum for select portfolio objectives
What is a Unified Managed Account?
A Unified Managed Account (UMA) is a professionally managed portfolio consisting of a diverse range of investments. Depending on the model you choose, the UMA contains a strategic mix of SMAs (which invest in individual stocks and bonds), ETFs, and mutual funds.
Unified managed account benefits
Unified managed accounts offer a range of benefits, including:
- Professional management by Edward Jones experts.
- A diversified portfolio that includes risk management.
- Potential tax advantages through strategies like tax-loss harvesting.
- Different model options based on your individual goals.
What's the difference between a UMA and a separately managed account (SMA)?
UMA and SMAs are both professionally managed portfolios. While a UMA diversifies your investments by investing in a combination of mutual funds, ETFs and SMAs across multiple asset classes, an SMA invests in individual stocks and bonds typically in a single asset class, e.g., large-cap stocks.
Choosing a UMA Model
First, we'll help you select a portfolio objective. This will serve as a guide for your overall investment strategy by determining the recommended allocation ranges for investments you should have in your portfolio – based on your risk tolerance, timeline and goals. You'll work with your financial advisor to determine which model best aligns with those goals. After that, professionals will manage your chosen model, making the day-to-day investment decisions to keep your account aligned with your portfolio objective and our guidance. You'll also have a specialized management team reviewing your model for tax management opportunities.
How Edward Jones UMA models work
Each model contains a mix of mutual funds and/or ETFs as well as separately managed allocations (SMAs), which are professionally managed portfolios of individual stocks and bonds. This could provide tax efficiencies and the flexibility to restrict certain types of investments within your account.
Keeping track of your UMA
We'll monitor your account and automatically rebalance if it drifts from your model's target allocations. This helps ensure your investments stay aligned with our guidance and your needs and goals. In addition to regular account statements that detail your progress, Quarterly Performance Reports will be made available and you'll meet with your financial advisor at least once a year to review your progress.
UMA costs and services
If your portfolio objective is Balanced toward Growth & Income, Balanced toward Growth, Growth Focus or All-Equity Focus, you'll need a minimum initial investment of $300,000 to open an Advisory Solutions UMA Models account. For account with Income Focus or Balanced toward Income portfolio objectives, a minimum initial investment of $500,000 is required.
The Program Fee begins at 1.35% and the Portfolio Strategy Fee begins at 0.19%. These fees are tiered so additional invested assets are subject to lower fees. The Program Fee includes your financial advisor's services, trading costs, performance reporting, evaluation and selection of investments for the program by Edward Jones research professionals, and other services to keep your account aligned with our guidance. The Portfolio Strategy Fee covers professional portfolio management and overlay management of your model. The fees do not include the internal expenses of the mutual funds and ETFs you own, or the cost of trades executed at a broker-dealer other than Edward Jones. SMA Manager fees will also apply. Paying an ongoing fee can make expenses more predictable but can be more expensive over time.
Is a Unified Managed Account right for you?
Contact an Edward Jones financial advisor today.
Edward Jones is a dually registered broker-dealer and investment adviser. Edward Jones Advisory Solutions® is a wrap fee program that provides investment advisory services. Please review the applicable Edward Jones Advisory Solutions Brochure for more information.
Many of the investments in Advisory Solutions are offered by prospectus. You should consider the investment objective, risks, and charges and expenses carefully before investing. The prospectus contains this and other information. Your Edward Jones financial advisor can provide a prospectus, which you should read carefully before investing.
All investment strategies and investments involve risk, and the value of your account will fluctuate. As a result, your account may be worth more or less than the amount of money you invested.