Managed Money


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Managed Money

Any investment vehicle where the investor directly controls the funds placed therein. For example, an investor may place funds in a mutual fund or other investment company. The investment manager of the investment company then handles the money and makes investment decisions related to it. Managed money may also apply to an individual brokerage account where the broker has the discretion to make investment decisions without the specific approval of the account holder. See also: Managed account.
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This article will explain SMAs in more detail and help you figure out which clients may be good candidates for managed money.
Hard on the heels of Merrill Lynch, the industry leader and a pioneer in the move toward managed accounts, Paine Webber is putting a high priority on enlarging its pool of managed money.
In the securities area, Ruff focuses primarily on managed money.

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