Waddell & Reed

Unified Managed Account (UMA)

Lockwood Investment Strategies (LIS) represents the latest generation of advisory programs, known as unified managed accounts (UMAs). A unified managed account (UMA) is a professionally managed, single account which allows you to hold a variety of security types including mutual funds, stocks, bonds, and alternative investments. Managed by Lockwood Capital Management, LIS offers a level of investment sophistication generally reserved for large institutional plans.

An investment in Lockwood Investment Strategies features:
  • A choice of five model portfolios managed to achieve diversification by asset class, investment style, money manager and investment vehicle.
  • Money managers and/or investment vehicles selected based on disciplined due diligence for each component of the asset allocation mix.
  • Periodic rebalancing to ensure the portfolio is aligned with the desired investment objective and changing market conditions.
  • Ongoing monitoring for tax efficiency and to reduce security overlap and sector concentration.

For more information on Lockwood Investment Strategies, contact your Waddell & Reed financial advisor or search for an advisor in your area.

Not all account types may be available on all platforms. Some products & services may not be available with all accounts. Brokerage, investment and financial advisory services are made available through Waddell & Reed, Inc., in its capacity as a registered investment adviser. Brokerage accounts cleared through Pershing LLC. For a full description of managed account services, including fees and expenses, review the Advisory Services Informational Brochure for your Choice Account. Investors should read this material completely and carefully as well as the Schedule H provided by Lockwood and the Form ADV, Part II provided by each Manager the client selects. Investors should not invest assets in the LIS program without first reading thoroughly all of these important disclosures.

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