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8 FOR HOME OFFICE AND ADVISOR USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC. Fee-Based Account Trend Drives Need for Specialized Billing Solutions The trend towards fee-based managed accounts which has helped boost the popularity of UMAs doesn't appear likely to wane anytime soon. As fee compression challenges asset managers to justify their fees, the ability of UMAs to offer a diversified selection of investment options makes them highly attractive to advisors and clients. However, the flexibility and breadth of investment offerings that UMAs feature can present challenges for less sophisticated billing solutions. This paper has outlined both the challenges such solutions face and the ways in which specialized billing solutions can overcome these hurdles to enable UMA providers to optimize their billing system. By utilizing a specialized billing solution which integrates with its CRM or other practice management platform, wealth management firms can continue to benefit from the convenience and client appeal of UMAs without sacrificing their ability to optimize the process of billing for their services. Nothing contained in this document is intended to constitute legal, regulatory, tax, accounting, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. All investments carry a certain risk, and there is no assurance that an investment will provide positive performance over any period of time. Investment decisions should always be made based on the investor's specific financial needs and objectives, goals, time horizon and risk tolerance. The services and materials described herein are provided on an ´as is´ and ´as available´ basis, with all faults. The graphical illustrations herein do not represent client information or actual investments. Nothing contained herein is intended to constitute legal, tax, accounting, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Envestnet disclaims all warranties, express or implied, including, without limitation, warranties of merchantability or fitness for a particular purpose, title, non-infringement or compatibility. Envestnet makes no representation or warranties that access to and use of the internet while utilizing the services as described herein will be uninterrupted or error-free, or free of viruses, unauthorized code or other harmful components. Envestnet reserves the right to add to, change, or eliminate any of the services and/or service levels listed herein without prior notice to the advisor or the advisor's home office. This document refers to information products or services that may be in development and not yet available. Accordingly, nothing in this presentation should be construed as a representation or legal agreement by Envestnet to make available specific products or services (including, without limitation, concepts, systems or techniques). © 2025 Envestnet, Inc. All rights reserved. 3572 10/25 Interested in learning more about Wealth Manager? Contact us at wealthmanager@envestnet.com █████████████████ Ì20000F909hÎ