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Researching managed accounts
As a mutual fund investor, you have access to a
wealth of free information — rankings, reviews,
SEC
filings, and regular reports to the
Financial Industry Regulatory Authority (FINRA)
— to help you compare fund performance and fees.
It's not as easy to evaluate managed accounts,
which are not required to report their performance to
FINRA.
That's one of the reasons many investors making this selection
work with an adviser.
Financial advisers pay for access to databases
of composite performance figures from hundreds of investment managers.
But as an individual investor, you'll need to request performance
information from each investment manager. Recent information is
often available on the investment company's Web site.
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