Wells Fargo adds alternatives to Personalized UMA with InvestCloud

Wells Fargo announced on August 25, 2025 that alternative investments became eligible for its Personalized Unified Managed Account program through collaboration with InvestCloud. The enhancement allows qualifying clients to hold traditional and alternative investments within one account, subject to suitability. The disclosed alternatives span liquid alternative mutual funds, hedge funds, managed futures, private equity, private debt and selected real assets, including private real estate. Wells Fargo described the change as an effort to simplify implementation for advisers and clients and support personalized portfolio construction. InvestCloud supplies wealth technology supporting these capabilities. The announcement does not disclose a contract value, ownership transaction or specific allocations, and does not establish that all Wells Fargo clients invest in alternatives.