Adhesion Technologies partners with CMC

Many independent financial advisors have been gravitating of late toward use of Unified Managed Accounts, but carrying out the due diligence in finding managers that share their own theories on investment strategy has proved a challenge for many.
Because of this, partnerships between UMA providers and asset management groups has come in to vogue.
One such instance was announced today, between Charlotte, North Carolina-based Adhesion Technologies and Capital Market Consultants of Milwaukee, Wisc. As a result of the partnership, the two will begin to provide pre-packaged multi-manager model strategies delivered through Adhesion’s online WealthADV Unified Managed Accounts platform.
Greg Gardner, an adviser and the owner of The Gardner Group, a Dallas firm with $50 million in assets under management switched from an SMA platform to the WealthADV UMA platform.
“We recently switched to WealthADV to lower costs our costs and for the the ability to offer our clients a UMA, even if they’re multiple titling accounts,” Mr. Gardner said.