institutional account

Institutional Account

A brokerage account of a registered investment company, insurance company, pension fund or any similar organization. Some regulators, such as the MSRB, apply the term more generally to include banks and individuals investing an unusually large amount of money. Institutional accounts often receive preferential treatment from their brokers, such as lower commissions.

institutional account

A brokerage account of an investment management organization.
References in periodicals archive ?
Howell borrowed money from investors, in return for promissory notes, and deposited it in an institutional account at Merrill Lynch.
Evergreen Institutional is a division of Evergreen Investments, providing institutional account management and services to corporate clients, pensions, foundations, endowments and other institutional clients.
Wasatch Advisors manages more than $10 billion in mutual funds and institutional account assets.
Evergreen Institutional, a division of Evergreen Investments, provides institutional account management and services to corporate clients, pensions, foundations, endowments and other institutional clients.
According to the latest SPIVA Institutional Scorecard report from S&P Dow Jones Indices, at least two-thirds of mutual funds and institutional accounts in multiple asset classes underperformed their respective benchmarks even before fees were included in the calculation.
In that capacity she covered major institutional accounts and hedge funds and researched, sold and executed trading ideas.
As of January 31, 2007, Putnam managed $191 billion in assets, of which $123 billion is for mutual fund investors and $68 billion is for institutional accounts.
As of November 30, 2006, Putnam managed $191 billion in assets, of which $123 billion is for mutual fund investors and $68 billion is for institutional accounts.
As of October 31, 2006, Putnam managed $187 billion in assets, of which $121 billion is for mutual fund investors and $66 billion is for institutional accounts.
As of September 30, 2006, Putnam managed $182 billion in assets, of which $118 billion is for mutual fund investors and $64 billion is for institutional accounts.
As of July 31, 2006, Putnam managed $179 billion in assets, of which $117 billion is for mutual fund investors and $62 billion is for institutional accounts.
He also developed over one hundred Tier One institutional accounts, including Hedge Funds.
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