January 1, 2007
Rounding Out Wealth; As unified managed accounts go mainstream, new technologies are emerging to support the next wave of wealth management
In Tim Clark's article on wealth management tools - including SMAs, UMAs and UMHs - he quotes Analyst Alois Pirker, who cites CashEdge as a critical technology provider for automating and distributing UMH data to wealth managers. According to Pirker, "planning and product data are critical to a successful UMH strategy", and "because UMHs address a higher volume of high-net-worth business, automation of these feeds is a necessity." online and 73 percent want to use online funds transfer for making payments to third parties instead of paying by cheque or cash."