A separately managed account can help you focus on an objective you may want to outsource in the overall management of your investments.
Fidelity Wealth Management
See Also
Fidelity® Q3 2023 Retirement Analysis: Workers Commit to the Long-Term While Navigating Uncertain Markets and Short-Term ChallengesWhat are Managed Funds? - Australian Secure Capital FundManaged Account: Definition and How It Works Vs. Mutual FundsThese are the adviser fees, hidden and otherwise, that investors need to be wary ofKey takeaways
- Separately managed accounts (SMAs) are a potentially powerful way to outsource part of your investment portfolio to professional managers.
- These accounts are often favored by investors for the control, transparency, and tax efficiency they can offer.
- With an SMA, you own the underlying securities in your account. With a mutual fund, you own shares of the fund, not the underlying investments. This key difference is foundational to SMAs.
