What is a unified managed household account?

What is a unified managed household account?

by Richard C. Wilson & Family Offices Group Association Team

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 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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