what are the tax benefits of a umha 
because all a the account holder s investments are held in a single account the account manager can make investment decisions that maximize returns while minimizing the investor s tax burden this can streamline tax planning and reduce the amount of taxes the investor ultimately owes the bottom linea unified managed household account umha combines multiple unaffiliated investment products into a single managed account it can hold assets such as securities etfs and mutual funds multiple immediate family members can access the account this structure allows for streamlined management lower fees and simplified paperwork and tax management because a umha is a managed account it will have an account manager who is responsible for rebalancing the assets in the account to ensure that it continues to meet the account holders long term goals and risk tolerance the returns generated by a umha largely depend on the skill and success of this account manager so investors should carefully choose the firm at which they plan to open a umha 