The UMA provides the ability to coordinate a diverse set of investment types, including mutual funds, ETFs, and separately managed accounts, within a single account, Maryanne Morrow, Vice President, National Accounts at FundQuest, said according to the announcement. FundQuest Incorporated will provide the UMA platform technology, overlay management, and investment due diligence.
“Our new UMA is a state-of-the-art offering that expands the broad array of investment products and services we offer to help clients achieve their long-term financial goals,” said Kim Perry, Director of Sales for the Wealth Advisory Group at First Citizens, in the announcement.
In addition to traditional investment products, First Citizens Securities offers financial planning, fee-based managed accounts, and life and long-term-care insurance. More information can be found at www.firstcitizens.com .