RIA-owned trust company taps into WealthADV's UMAs

FWR Staff

28 April 2009

Adhesion provides co. shareholders with access to unified managed accounts. RIAs that co-own Overland Park, Kans.-based National Advisors Trust Company now have access to Adhesion Wealth Advisors Solutions' unified managed account platform as a result a deal struck between the two firms about 10 days ago. The new arrangement also makes NATC a custody option for Adhesion's UMA offering.

UMAs are single-account investment products that feature combinations of separately managed accounts , mutual funds and ETFs.

Outsourcer

Adhesion just rolled out a new version of its WealthADV UMA platform in a bid to provide greater visibility and transparency for UMA-based investment programs and enhanced administrative efficiencies for advisors.

Firms using WealthADV tap into Adhesion's web-based investment-management, client-reporting and portfolio-accounting capabilities without the bother and expense of acquiring and running support technologies in house.

Charlotte, N.C.-based Adhesion adds that its reporting capabilities extend to "held away" assets for a household-wide portfolio views, and that its overlay management can maximize after-tax returns. Further, NATC using the NATC-custody option can realize lower costs.

Eight-year-old NATC has 125 financial-advisor shareholdersd throughout the U.S. It accounts for about $4 billion in assets. -FWR

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