Wells Fargo Wealth & Investment Management (WIM), powered by InvestCloud technology, has expanded its Unified Managed Account (UMA) offering to include a comprehensive suite of alternative investments. Qualified clients and their financial advisors can incorporate alternative mutual funds (liquid alts), private funds (hedge funds, managed futures, private equity, private debt), and select real assets like private real estate within the same account that holds traditional assets such as stocks and bonds. 

This integration enhances the UMA’s versatility by offering automated investment workflows, regulatory infrastructure, and a curated marketplace of alternatives—all under one unified platform.  

“History shows that diversifying investments or asset classes generally has been an effective strategy to help manage a portfolio’s risk and return profile,” said Darrell Cronk, CIO for WIM. “Investors are looking for ways to build more resilient portfolios, and we are dedicated to developing new strategies and tools to help them reach these goals.” 

InvestCloud chairman and CEO Jeff Yabuki added that the collaboration elevates advisers’ offerings by simplifying access to private market assets while saving time and reducing complexity. 

“We are thrilled to partner with Wells Fargo to further elevate their investment capabilities with cutting-edge technology, tools, and resources,” said Yabuki. “InvestCloud is delivering innovations which enable an exceptional and personalized wealth management experience to enhance the client-advisor relationship.”