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What is a separate account?
Separate accounts (or often called “Managed accounts”) are individual investment accounts offered by our investment consultant partners who provide advisory services and are managed by WALT ST using an asset-based fee structure.
In simple terms, a managed account is a portfolio of stocks, bonds, or a combination of stocks and bonds chosen by WALT ST to achieve a specific objective important to you, such as long-term growth or current income. Each account — and its individual investments — are owned by YOU (the investor) for whom it is managed. In other words, a managed account is a way for YOU to benefit from the professional expertise of WALT ST..
WALT ST’s separate account investment program combine several services in a customized solution to investing. These services include investment planning, policy development, manager selection, portfolio management, performance measurement and trade execution. All of these valuable services are wrapped together into a comprehensive investment program.
- In a managed account, everyone shares a common objective-to see that the investors' portfolio grows in value.
WALT ST’s Managed Account Benefits include:
- A customized investment approach to reach specific financial objectives
- An asset-based, rather than a commission-based, fee structure. A fee structure for investment counseling, portfolio management, brokerage fees, and ongoing account administration.
- Investments can be 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.)
You (as the investor) have the ability to make specific portfolio requests, such as tax-related trading, avoidance of specific stocks, etc.
For more information on managed accounts please click on the picture “YOUR GUIDE TO MANAGED ACCOUNTS” on this page. This publication resides on the Money Management Institute web site. We have provided a “pop-up” link for ease of use.
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