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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

Author Brooke Southall September 15, 2010 at 6:00 AM
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Matthew Judge: Breakaway brokers don't want to explain to brokers why they can't have the same separate account managers.

Craig Iskowitz

Craig Iskowitz

July 29, 2011 — 4:58 PM

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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Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

Envestnet Inc
TAMP
Top Executive: Jud Bergman



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