Asset management account(redirected from Central Assets Accounts)
Asset management account
Asset Management Account
asset management account
Asset management account (AMA).
All-in-one asset management accounts provide the financial advantages of an investment account combined with the convenience of an interest-bearing checking account.
AMAs generally offer check-writing and ATM privileges, credit cards, direct deposit, and automatic transfer between accounts, as well as access to reduced-rate loans and other perks. There are usually annual fees and minimum account requirements.
AMAs are offered by many brokerage firms and mutual fund companies, and are also known as central asset accounts (CAAs) or cash management accounts (CMAs).