Separately Managed Accounts - or SMAs - Can Offer Wealthy Investors Important Benefits

In the investment world, separately managed accounts are exactly what the name implies - they are accounts that are managed separately for each investor, as opposed to mutual funds, which are managed for hundreds or thousands of investors as a group.

The key difference: separately managed accounts are, in essence, individually owned portfolios run by a professional manager for the benefit of the individual, in exchange for fees paid by that individual. To find out about common minimum investments, the specifics of tax benefits versus a mutual fund, and some of the drawbacks, continue on to Separately Managed Accounts Offer Flexibility - at a Price.