TD Ameritrade paves the way for breakaway books of business to transfer intact
PlaceMark deal modifies unified managed account platform so advisors can plug in their former wrap managers
Craig Iskowitz
The market share of UMA increased almost 100% from 2009 to 2010. It’s still only 6% of managed account assets, but if this kind of growth continues, UMA could outpace SMA and become the dominant product.
Here’s a good article that describes how one sponsor helped to drive the growth of UMA’s: JPMorgan Doubles Model SMA, UMA Business in 2010, which you can read here: http://wp.me/pPor1-56
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TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
Envestnet Inc
TAMP
Top Executive: Jud Bergman
