Vestmark has introduced a new unified managed account (UMA) that integrates private assets alongside ETFs, mutual funds, equities, fixed income, and direct-index SMAs, developed in collaboration with iCapital, BlackRock, and Dynasty Financial Partners. This tax-managed UMA enables RIAs to streamline portfolio construction by combining traditional and alternative investments in a single account. 

Initially, Dynasty advisors can access subscription-based alternatives via iCapital’s platform and leverage BlackRock’s model portfolios. Vestmark CEO Karl Roessner said the innovation delivers on UMA’s long-promised simplicity and efficiency, supporting the firm’s $1.7 trillion in platform assets. 

BlackRock emphasized the move enhances their reach in the RIA channel, while Dynasty highlighted the ability to scale sophisticated wealth strategies for HNW clients. 

Finsum: The launch follows another major announcement from Dynasty’s investment banking arm, reinforcing its position in high-net-worth advisory solutions.