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Managed Accounts
 Managed Accounts are individual investment accounts
offered by Investment Advisors who provide advisory services and are managed by
independent money managers using an asset-based fee structure.
A managed account program combines several services in a customized solution to
investing. These services include investment planning, manager search and
selection, portfolio management, performance measurement and reporting. All of
these valuable services are wrapped together into a comprehensive investment
program. Rather than paying separately for these services, investors using a
managed account pay a single fee. In a managed account, everyone shares a
common objective - to see that the investors' portfolio grows in value.
Benefits
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A customized investment approach to reach specific financial objectives.
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An asset-based, rather than a commission-based, fee structure. One fee includes
investment counseling, portfolio management, brokerage fees, and ongoing
account administration.
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Investments are managed for tax efficiency (i.e. the portfolio manager will
structure the portfolio and time the transactions to mitigate the tax impact
while maximizing performance in line with the investor's goals).
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Investor's ability to make specific portfolio requests, such as tax-related
trading, avoidance of specific stocks, etc.
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