Unified Managed Household Account

Unified Managed Household Account

by Richard C. Wilson & Family Offices Group Association Team

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, mutual funds, and separate accounts. The household account also allows transparency and access to the immediate family (parents and children) in a combined account, rather than maintaining individual accounts.

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