Individually and Separately Managed Accounts

Keith R. Fevurly

Chapter Chapter 13 in The Handbook of Professionally Managed Assets, 2013, pp 257-271 from Springer

Abstract: Abstract Many investors do not know the difference between a fee-based advisory account, an individually managed account, and a separately managed account as offered to them by their investment advisor or financial planner. Moreover, they likely do not really care to know the difference, as long as the costs of each type of account to them are reasonable. The focus of this chapter is on separately managed accounts and, then, in how they differ from traditional mutual funds. However, first, I need to review the discussion from Chapter 1 of the characteristics of a fee-based advisory account and the distinction between individually managed and separately managed accounts.

Keywords: Mutual Fund; Portfolio Manager; Asset Allocation; Generally Accepted Accounting Principle; Expense Ratio (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4302-6020-2_13

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DOI: 10.1007/978-1-4302-6020-2_13

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