National Advisors Trust Adds Envestnet UMA, Trust Officers for RIAs

Envestnet UMA

In a separate announcement, National Advisors Trust said it has added to its platform the Envestnet UMA, calling it "a customizable solution that combines multiple investment products in one account registration."  

"Integrating Envestnet UMA with National Advisors' multi-technology platform further expands the options we can provide RIAs in managing their multiple client portfolios from a single, open-architecture platform," Ferguson stated in the release Wednesday. "Providing RIAs with increased technological efficiencies, such as UMA and a unified technology platform, allows them to utilize technology for many administrative tasks, improving efficiencies and lowering costs. This allows RIAs to focus on client relationships and new business development, rather than non-revenue generating administrative and operational tasks."

"With Envestnet UMA and the trust company's custody platform, RIAs can increase productivity, lower fees, reduce time spent on administrative tasks, and ultimately gain more face time with clients and prospects," said Ferguson.

"For advisors who want to use Envestnet for trust accounts, we can now support that capability through National Advisors Trust's custody and trust services," Lori Hardwick, Envestnet's EVP, Advisory Services, said in the announcement. Hardwick added: "There are great synergies between National Advisors Trust and Envestnet, from our open architecture and unified platform approach to technology, to our client-centric ethos…As a registered investment advisor, we understand the needs of RIAs and believe that Envestnet UMA brings important new abilities to advisors."

The conference, April 26 – 28, will include sessions on "implementing social media for RIAs, RIA technology platform for the next 10 years, trust-focused RIA strategies, and technology utilization for increased efficiency and scalability."