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What are the benefits of an SMA/UMA over a mutual fund?

April 26, 2017Benefits mutual fund SMA uma

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What are the benefits of an SMA/UMA over a mutual fund?

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There are five key benefits of an SMA/UMA over a mutual fund: 1) Full transparency of transactions and holdings; 2) lower cost versus non-index funds; 3) more efficient cash management; 4) better tax liability management and 5) portfolio customization.