7 More Family Office Resources:

• Unified Managed Household Account Family Office Definition: Unified Managed Household Account Unified Managed Household Account definition:  A unified managed household account (UMHA) is a privately managed account that combines several different types of securities, such as stocks, bonds, ...
• What is a Unified Managed Account? Question: What is a Unified Managed Account? Answer: A unified managed account (UMA) is a privately managed account that combines several different types of securities, such as stocks, bonds, mutual funds, and separate accounts. Rather than ...
• What is a unified managed household account? Question: What is a unified managed household account? Answer:  Some multi-family offices offer unified managed accounts, but it is mostly a solution offered by traditional wealth management firms.  A unified managed household account (UMHA) is ...
• Separate Account Family Office Definition: Separate Account Separate Account definition:  A separate account is managed privately for an individual, as opposed to mutual funds which are managed collectively.  Separate accounts typically have higher investment minimums to ...
• Unified Credit Family Office Definition: Unified Credit Unified Credit definition:  An IRS federal tax credit for lifetime gifts that exceed the annual gift exclusion amount.  A tax credit taken when a gift is made is subtracted ...
• Taxable Account Family Office Definition: Taxable Account Taxable Account definition:  Taxable accounts are good candidates for leaving to heirs because the holdings are stepped up in basis at the date of death.  Heirs will not be ...
• Non-Discretionary Account Family Office Definition: Non-Discretionary Account Non-Discretionary Account definition:  A non-discretioary account retains control and decision-making with the client. The financial advisor may offer suggestions and input, but the client must make the final decision. Download ...