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Morgan Stanley Expands Its Unified Managed Account Solution, Personal Portfolio


Morgan Stanley’s Global Wealth Management Group (GWMG) has significantly enhanced its industry-leading Unified Managed Account (UMA) program. Morgan Stanley Personal PortfolioSM now features nearly 600 open-end mutual funds, more than 100 separately managed account (SMA) strategies and more than 50 exchange-traded funds (ETFs). Personal Portfolio provides clients with access to a wide array of investment options — in one portfolio, with one statement and one 1099, thereby simplifying account opening, and performance and tax reporting.

“With Morgan Stanley’s UMA, Financial Advisors can deliver clients a full suite of services, including asset allocation advice, portfolio construction guidance and comprehensive reporting,” said Jay Link, Managing Director, GWMG Consulting Services Group. “Personal Portfolio clients may now establish customized portfolios, for as low as $50,000, using a wide array of mutual funds, separately managed accounts and ETFs.”

To continue developing its roster of high-quality investment managers, Morgan Stanley has also begun to allow investment managers to set their own investment management fees, within a pre-defined range. Morgan Stanley Personal Portfolio is the first UMA to offer investment managers this pricing flexibility.


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