Fidelity
Investments has launched a unified managed account. Called Fidelity Personalized Portfolios, the UMA provides
daily risk management and tax-sensitive investing.

According
to a recent Fidelity survey of affluent investors, among those who own a UMA,
nearly half (48 per cent) chose it because they had an increase in wealth and
wanted to reduce the complexity of their portfolios, or address their
significant investment-related tax obligations.

Fidelity
Personalized Portfolios was developed with Strategic Advisers a registered
investment adviser and wholly owned subsidiary of FMR, Fidelity’s holding
company.

The
account minimum for the UMA is $200,000. Fees range from 0.55 per cent to 1.5
per cent of the total balance on managed assets in the account.