Managed Account
What is managed account?
Managed portfolio of funds, which means you delegate the day to day portfolio re-balancing and implementation decisions to an Asset Manager, once you have selected the investment strategy that suits you. Diversified across multiple fund houses, multiple asset classes, and over hundreds of different securities. No single security will have an outsized impact on your portfolio. There are various strategies you can choose from, depending on your investing needs.
Benefits of using Managed Account?
Simplicity
The only decisions you will have to make is the choice of the specific managed account that your Financial Advisor may present to you as part of an overall financial plan, and how much you wish to invest. The simplicity of managed account leaves you and your Financial Advisor with the time and clarity of mind to focus your discussion on the things that matter- your long term financial goals and aspirations.
Professional Management
Offers you direct access to an Asset Manager, a service usually reserved for institutional investors.
Timeliness
Investment recommendations are perishable goods. Untimely decision making can impede your progress to reaching your financial goals. This is the principle benefit of managed account.
Professional portfolio managers will monitor the market, so you do not have to do so. Your portfolio will be managed and re-balanced for you with the timeliness necessary to safeguard your long term financial interests. Managed account addresses a common limitation of Advisory Wrap portfolios, which requires that you approve each trade action recommended by your Financial Advisor. If this requirement encumbers your lifestyle or challenges your investment knowledge, managed account investment is for you.
Transparency
Most managed accounts platforms offer real time access to your managed account portfolio so you and your Financial Advisor can have access to it anytime, anywhere. You will also receive trade confirmations each time a trade is executed in your portfolio. managed account is designed to be transparent to facilitate a holistic and ongoing dialogue between you and your advisor. It will also equip your Financial Advisor to help you monitor your progress towards your desired financial objectives, and if necessary, recommend any recalibration of your overall asset allocation to keep you on track towards meeting your goals.
Therefore…
These are some of the advantages of doing investments through managed account especially if you do not want the hassle to always keep watch over the stock market personally and always have the fear of not being able to re-balance/buy in/withdraw your investment in time. Then managed account is the right solution for you!
Finance 