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Chapter 25. Managed Accounts

Managed accounts are another alternative to mutual funds that is becoming increasingly popular. As we saw in Chapter 20, managed accounts involve more of a personal touch for the investor and more of a chance to tailor the portfolio to the client's needs. Managed accounts are also referred to as separate account management and separately managed accounts.

Investors with large account balances, measured in millions of dollars, have always had access to the personalized services of portfolio managers. Until very recently, investors with several hundred thousand dollars of assets were left out when it came to any kind of personalized management. The general belief was that the only real choice was mutual funds if you wanted both diversification and professional management but had less than, say, $1 million in assets. This is no longer true.


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