Managed account

(redirected from Managed Accounts)
Also found in: Wikipedia.

Managed account

An investment portfolio one or more clients entrusted to a manager who decides how to invest it.

Managed Account

A brokerage account or any other account where the monies therein are invested by another party. For example, a person may have a discretionary account at his/her brokerage. This allows the brokerage to invest the funds in the account as it sees fit, in accordance with the account holder's investment goals and the prudent person rule. Other examples of managed accounts include annuities and IRAs. What distinguishes a managed account from other accounts is the fact that the account holder does not manage it himself/herself. See also: Separately managed account, Managed money.

managed account

An investment account that is managed by a broker or other professional. Managed accounts are designed for investors lacking the time or expertise to make their own decisions.

Managed account.

A managed account is a portfolio of stocks or bonds chosen and managed by a professional investment manager who makes the buy and sell decisions.

Each managed account has an investment objective, and each manager oversees multiple individual accounts invested in the same basic portfolio to meet the same objective.

While managed accounts resemble mutual funds in some ways, with a managed account you own individual securities rather than shares of a common fund.

You may also be able to request that the manager avoid certain investments, which you can't do with a mutual fund. And, through your broker, you might ask the manager to sell certain holdings in your account to realize capital gains or losses.

There are no phantom gains in managed accounts. Those gains can occur if a mutual fund realizes a profit from selling an investment and credits you with a capital gain even if there's no actual increase in your account value.

However, the minimum investment is usually substantially higher for a managed account -- often $100,000. Plus the annual fees, which are included in the amount you pay the financial professional who recommends the account, may be higher than the fees on a mutual fund of similar value.

References in periodicals archive ?
Altinus is the first administrator sponsored managed accounts platform, providing segregated and co-mingled managed accounts with a common set of tools for operations, administration and risk monitoring.
That is why a growing number of companies are beginning to offer their employees professionally managed accounts for 401(k) assets.
A program that many plan sponsors may be considering in the coming months is the notion of automatic enrollment in 401(K) plans--putting employees into managed accounts where they don't have to make investment choices and get the benefit of having someone else make portfolio decisions.
But today, 529 college savings plans and separately managed accounts are making inroads on annuities in the market for tax-advantaged products funded with already taxed dollars, and they are dominated by major stock brokerages and mutual funds.
Whether known as consultant wrap programs or separately managed accounts or managed accounts, these arrangements are offered by most large brokerage firms and some financial planners.
Many big retail brokerage firms are counting on so-called managed accounts to secure their place in the investing future, which for Paine Webber, Merrill Lynch and others will largely revolve around managing chunks of the growing mountain of assets that baby boomers are building for retirement.
Our vision and industry-leading work in managed accounts demonstrates the Fiserv commitment to putting our clients first.
The extensive array of managed account services offered include separately managed accounts, unified managed accounts, mutual fund wrap accounts and advisor-directed programs.
More than 330,000 investors signed on for separately managed accounts during the first nine months of last year, according to a study for the Money Management Institute, the trade association for the managed-account industry based in Washington, D.
Membership Expansion Expected to Boost Mutual Fund Investments in Managed Accounts