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Types of managed accounts
There are three basic types of
discretionary accounts,
all of which combine multiple investments in one
portfolio.
Each portfolio, in turn, is one of hundreds with the same general
composition that are overseen by the same investment manager,
or, in some cases, a team of managers. |
Managed accounts are run by professional managers who are specialists in the
particular segment of the equity or fixed-incomemarket where they invest. They assemble
a portfolio of individual securities to meet a particular
investment objective.
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| Multiple-discipline
accounts bring together a number of investment managers,
each with a different area of expertise, under a single umbrella
to provide greater diversificationthan a single-focus account.
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| Mutual fund
managed accounts are invested in a range of mutual
funds with different investment objectives and styles rather
than in individual securities. |
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