U.S. Bancorp did not envision the current market turmoil when it launched its unified managed accounts last year, but it says the volatility is one reason they have been well received.

“I think that we are likely to see very nice growth in UMA assets through the end of the year and into next year,” said Tim Leach, chief investment officer for the wealth management group of its U.S. Bank. His company would not say how much it has in UMAs.

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