Wells Fargo’s Wealth and Investment Management (WIM) division, in collaboration with InvestCloud, now offers alternative investments as an eligible investment in its Personalized Unified Managed Account (UMA) program.
Amidst ever-increasing demand for alternative investments, this capability — a single account with the broadest array of investments to fulfill clients’ asset allocations — simplifies the adviser and client experience.
Alternative investments go beyond traditional investments (stocks, bonds and cash) to provide for qualified clients hedging and arbitrage techniques, derivatives, long and short positions, and investments in private offerings and global markets. These can include alternative mutual funds (liquid alternatives), private funds (hedge funds, managed futures, private equity and private debt) and certain real assets, such as private real estate.
“History shows that diversifying investments or asset classes generally has been an e
