Morgan Stanley unveils new investment management tool for financial advisors
Morgan Stanley Wealth Management introduces new portfolio management and trading application for financial advisors.
Morgan Stanley Wealth Management has introduced a new portfolio management and trading application that allows financial advisors to manage client accounts across models within the select unified managed account (UMA) program.
Called UMAX, the investment management tool allows financial advisors to trade and manage accounts more efficiently creating better client outcomes.
Using this application, financial advisors can re-allocate portfolios within minutes creating significant administrative efficiencies and better client solutions.
The solution will also feature capabilities such as examine and compare the investment products currently used on behalf of clients against the larger universe of more than 1,200 investment products covered by Morgan Stanley’s global investment manager analysis (GIMA) as well as review estimated gains/losses on positions to manage more tax efficient transitions.
The new offering will also generate client approved transition reports before trades are executed as well as compare historical and forecasted risk and return for the current portfolio allocation to a proposed portfolio allocation.
Morgan Stanley Wealth Management managing director Chad Graves said: “UMAX is a powerful portfolio management and trading tool that allows financial advisors to construct and modify unified managed account models instead of just discrete accounts.
“UMAX’s ability to so efficiently facilitate changes across multiple UMA portfolios simultaneously is a major step forward in the industry,” he added.
Morgan Stanley Wealth Management managing director Jason Moore said: “UMAX provides financial advisors with additional scalability to grow their business and more proficiently administer existing Select UMA accounts.