Are you interested in investing but unsure of where to start? Many investors are turning to managed accounts – a highly customizable and convenient way to have someone else manage your investments. Managed accounts offer many advantages such as diversification, access to specialized investment strategies, and detailed records of account performance provided by the firm managing your assets.

In this blog post, we’ll discuss what a managed account is and why it may be the perfect tool for beginning investors.

Key Points

1. What is a Managed Account, and why should you consider getting one

2. Types of Managed Accounts

3. Setting Up and Choosing a Managed Account – Understanding Fees and Costs

4. Pros and Cons of Investing with a Managed Account]

5. Questions to Ask Before Selecting a Managed Account Provider

What is a Managed Account, and why should you consider getting one

If you’re looking for a great way to streamline your investment strategies, a managed account could be a game-changer. This type of investment account is managed by a professional investment manager, who will take care of everything from investment selection to diversification and allocation.

Essentially, a managed account allows you to delegate the responsibility of managing your investments to an experienced advisor, giving you more time and reassurance. Plus, with a managed account, you’ll receive personalized investment advice that is tailored to your financial goals and risk tolerance. So, whether you’re a seasoned investor or just starting out, a managed account could be a wise choice.

If you would like more information on Managed Accounts, click here to schedule a one-on-one 30-minute introductory meeting.

Types of Managed Accounts

Managed accounts are customizable to fit an individual’s specific investment goals and risk tolerance. There are various types of managed accounts, including mutual funds, exchange-traded funds (ETFs), separately managed accounts (SMAs), and unified managed accounts (UMAs).

Each account type has its own unique characteristics, such as diversification, tax efficiency, and flexibility, allowing investors to align their investments with their personal financial objectives. Whether one prefers a hands-off or hands-on approach, there is a managed account option available that suits their needs.

Setting Up and Choosing a Managed Account – Understanding Fees and Costs

As you consider this type of investment, it’s important to understand the fees and costs associated with managed accounts before diving in. As with any investment, there are always fees to consider, such as advisory fees, custodial fees, and underlying investment expenses. While these expenses can be higher than individual mutual funds or ETFs, it is important to remember that the professionals managing your investment portfolio have the knowledge and expertise to make informed decisions and potentially earn you a higher return on your investment.

Ultimately, the benefits of having a team of professionals managing your investments can outweigh the costs, but it’s important to do your research and choose a managed account that aligns with your financial goals and risk tolerance.

Pros and Cons of Investing with a Managed Account

Investing with a managed account can be an excellent way to put your money to work for you. Professional money managers have the experience to navigate the complex world of investing, making decisions and trades on your behalf. Managed accounts can help you pursue your financial goals more efficiently by taking advantage of market opportunities and adjusting your portfolio as necessary.

However, these services may come at a cost, as managed accounts often have higher fees than traditional investment options. Additionally, you relinquish some control over your investments when you opt for a managed account. Ultimately, the decision to invest with a managed account is a personal one and depends on your individual financial situation and goals.

If you would like to find out if a Managed Account is the right investment option for you, click here to schedule a one-on-one 30-minute introductory meeting.

Questions to Ask Before Selecting a Managed Account Provider

Selecting a managed account provider can be a daunting task, as there are many factors to consider. Before making a final decision, it is important to ask some key questions and do thorough research. First, it’s essential to understand the fees associated with the provider and their investment approach. It’s also worth asking about their experience and track record with managing similar accounts.

Another important factor is their level of communication and transparency when it comes to managing the account. Additionally, it’s crucial to inquire about their client review process and how they handle potential conflicts of interest. By asking these questions and doing your due diligence, you can feel confident in making an informed decision that aligns with your investment goals and preferences.


In conclusion, investing with a managed account can be quite a beneficial strategy for those looking to better manage their finances. Although the process of setting one up and choosing a provider may seem intimidating, by understanding the advantages, taking the time to research your options, and asking key questions you can make an informed decision as to whether or not this financial instrument is right for you.

Additionally, knowing the various types of strategies that can be employed within a managed account will help ensure that you can find a manager who suits your unique needs and provides long-term success. If upon further investigation managed accounts sound like they may fit into your current financial strategy, don’t wait any longer – contact us today to learn more about how we can help you select the right managed account that helps achieve your financial goals.

The opinions voiced are for general information only and are not intended to provide specific advice or recommendations for any individual.

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