Andrew Stavaridis, Chief Relationship Officer of Envestnet, joined Zoe Hunt, Host of RIA Channel, at Envestnet Elevate 2026 to discuss how unified managed accounts (UMAs) and alternative investments can help advisors scale their businesses.
As advisors continue to look for ways to scale, Stavaridis points to the flexibility of Envestnet’s UMA offering. Advisors can choose to manage portfolios themselves, select individual sleeves and underlying holdings, or turn more of the portfolio management process over to their enterprise. For high-net-worth clients, Envestnet’s UMA technology allows a portfolio manager, asset manager, or home office to manage a customized portfolio on the advisor’s behalf. Stavaridis describes this as a more “white glove” approach that enables advisors to scale personalized, one-to-one portfolios.
As interest in alternative investments increases and advisors navigate numerous products, providers, and onboarding processes, Stavaridis notes that Envestnet is building infrastructure designed to simplify access and connect alternative investments within its platform, from interval funds to private placements. He explains that the goal is to reduce the need for advisors to navigate multiple platforms to open accounts, manage workflows, and learn how to implement different products.
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