Portfolio Select Unified Managed Account

Tailored solutions for the strategic investor

As you become more accomplished, your financial needs evolve – along with your ability to access a more sophisticated approach to investing. The Portfolio Select Unified Managed Account (UMA) platform, available exclusively to advisors affiliated with Raymond James, provides increased control and flexibility for building an investment strategy tailored to your needs.

Portfolio Select UMA allows you and your advisor to take a customized approach to aligning your account with your investment objectives. It provides convenient access to multiple investment types, including separately managed accounts (SMAs), in a single account. In an increasingly complex investing environment, Portfolio Select UMA can simplify your choices and record-keeping while expanding your access to investment strategies and alternatives.

Comprehensive, yet refined, Portfolio Select UMA offers an opportunity in line with your achievements.

A personal approach to understanding your goals

With your financial advisor’s assistance, your Portfolio Select UMA can be tailored to meet your specific investing needs. Your advisor will help you determine your goals and the level of risk that is comfortable for you, as well as make strategic decisions and choose investments. Your advisor will also review your account’s performance, provide updates on your investments and communicate with you to learn whether your needs have changed.

With its capability to include multiple investment products in a single account, Portfolio Select UMA seeks to diversify your investments, exposing them to wide-ranging market opportunities while seeking to provide a buffer from downturns in particular segments of the investment universe.

Working with your advisor, you can build a Portfolio Select UMA that fits your unique investment objective and risk tolerance.

A sophisticated approach to investing

Portfolio Select UMA offers the opportunity for increased customization. The platform ensures that the estimated risk of the portfolio is generally in line with your risk tolerance while also allowing for more tactical investment selection. Each Portfolio Select UMA is carefully constructed by your advisor.

The Portfolio Select UMA platform is distinguished by its capability to incorporate SMAs, strategies that allow for a tailored approach because each client’s account is managed separately. SMAs deliver the benefits of individual stock ownership, which include tax-loss* harvesting, industry screening and the ability to gift capital gains. To accommodate this customization, SMAs typically have investment minimums reflective of the manager’s specialized involvement.

Portfolio Select UMA offers flexibility as well. In addition to SMAs, mutual funds, exchange-traded funds and allocation portfolios may also be utilized in the same account.

*Raymond James does not offer tax or legal advice. Please speak with your appropriate professional.

A diligent approach to evaluating managers

A team of professionals dedicated to the evaluation of investment managers plays an important role in the construction of a Portfolio Select UMA. Our experienced team – the Manager Research & Due Diligence team – uses an established, proactive process to choose the SMAs and Freedom portfolio funds available to your advisor on the Portfolio Select UMA platform. In identifying SMAs that maintain their standards of excellence over time, we evaluate them from both quantitative and qualitative aspects. We assess a manager’s skill and ability to add value to your account beyond the overall effects of the market, as well as a fund’s personnel, approach and consistency of process.

Only managers in which we have high conviction are approved for inclusion.

Once a manager is approved, the team’s work continues. Ongoing evaluations are based on all the same criteria used in the initial assessment. Occasionally, we will remove a manager from the list if, for example, significant personnel changes are made on the manager’s team or performance does not meet our expectations.

Speak with your advisor to learn more about whether Portfolio Select UMA is appropriate for your investment goals

The Portfolio Select UMAs may contain separately managed accounts (SMAs), exchange traded funds (ETFs) and mutual funds. Mutual funds are sold by prospectus only. Investors should carefully consider the mutual fund and ETF investment objectives, risks, charges and expenses before investing. The ETF prospectus contains this and other information and can be obtained from the ETF’s sponsor and is available from your financial advisor. SMAs may not be appropriate for all investors. SMA minimums are typically $200,000 and may be more appropriate for affluent investors with $300,000 or more to invest. All investments are subject to risk, including loss. There is no guarantee that any investment strategy will prove to be successful.

In a fee-based account clients pay a quarterly fee, based on the level of assets in the account, for the services of a financial advisor as part of an advisory relationship. In deciding to pay a fee rather than commissions, clients should understand that the fee may be higher than a commission alternative during periods of lower trading. Advisory fees are in addition to the internal expenses charged by mutual funds, ETFs, SMAs and other investment company securities. To the extent that clients intend to hold these securities, the internal expenses should be included when evaluating the costs of a fee-based account. Clients should periodically re-evaluate whether the use of an asset-based fee continues to be appropriate in servicing their needs. A list of additional considerations, as well as the fee schedule, is available in the firm’s Form ADV Part 2 as well as the client agreement.