State Street’s Charles River Development Wealth Solution and iCapital have announced a partnership to launch a unified managed account (UMA) solution.
This solution considers the portfolio and cash management difficulties encountered when blending public and private assets. The focus of this UMA solution will be on interval and evergreen structures, with plans to expand into hedge funds, private capital and more.
This solution utilizes an open architecture to allow further expansion for its advisers. It aims to allow its adviser clients to manage all of their asset classes in one account to simply processes.
