What's in a name?BY MICHELLE BALTAZAR | MONDAY, 7 MAR 2016 3:14PM The basic tenets of managed accounts haven't really changed much in recent years, but its appeal to financial advisers has. I remember writing my first feature article on managed ... Upgrade your subscription to access this article
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TIM TOWNSEND
PARTNER & PRIVATE WEALTH ADVISER
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PARTNER & PRIVATE WEALTH ADVISER
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When I first researched in 2001 what is now referred to as "Managed Accounts", the predominant term in the USA was "Wrap Fee"! I much prefer the current convention.
I'm interested, Michelle, in what you see as the benefits & headaches relating to Managed Accounts.
Regarding naming, most confusing are the prefixes that get added - is this an "Individually" Managed Account, a "Separately" Managed Account or a "Unified" Managed Account? The differences are mostly about marketing & in this Managed Accounts are certainly not alone!
Of much greater importance are whether the Target Weights are "Fixed" or "Floating" and Rebalance frequency, which are often overlooked.