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Choosing a managed account
If your adviser suggests one or more managed accounts
for your portfolio, he or she will recommend the types of accounts
and investment managers for those accounts.
Advisers and their firms constantly evaluate investment
managers through a process called due diligence. They generally
look for managers with strong track records whose investment returns
meet or exceed their benchmarksand whose results are consistent with their official investment
objectives.
Advisers often have their own preferences among
the group of managers their firms have approved, based on good
working relationships they've established with individual
managers or management firms.
Advisers also gravitate to managers who are responsive
in providing customer support, insightful analysis, and efficient
recordkeeping, since easily accessible, high-quality information
improves the adviser's relationship with you and other clients.
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