Investment Basics

Understanding Managed Accounts

What is a managed account?

With a managed account, you obtain all of the benefits that funds offer — professional management, diversification, and liquidity — but unlike a mutual fund, a managed account does not pool your money with other investors’ money. All of the securities that the management team selects for the account are owned by you. That individual ownership affords you flexibility,control, and tax benefits that mutual funds and other pooled investment accounts cannot Match.