UX Wealth: Outsourcing Is Great In Theory But Are Your Clients Really Getting Best Execution?
(UX Wealth) The financial services industry has experienced growth in managed accounts, custodial platforms, separately managed accounts (SMAs), and unified managed accounts (UMAs). This growth has presented challenges related to best execution in trading assets for these accounts. This noteworthy development is to the tune of $10 trillion in assets across these various management styles and products. While this achievement indicates the success of managed accounts, it also highlights a long-standing issue – best execution challenges associated with these assets.
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