UNCLAIMED
MyVest
Overview
MyVest is a financial software company based in the United States, founded in 2001, with a workforce of 51 to 200 employees. The company specializes in providing solutions for wealth management, focusing on the Unified Managed Household (UMH) approach to investment portfolio management. MyVest engaged Pirker Partners to conduct research on the current state of householding and the role of UMH in the future of wealth management. Their findings indicate that while many wealth managers are adopting a holistic advisory model, challenges remain in effectively integrating portfolio construction with comprehensive financial planning. The UMH approach addresses these challenges by allowing for personalized investment strategies tailored to individual accounts within a household, optimizing asset location to enhance tax efficiency. Despite its potential benefits, the research highlights that many wealth managers have only partially implemented UMH due to various obstacles. MyVest's contributions to this area reflect its commitment to enhancing the personalization and effectiveness of wealth management practices.