How is a private account different from a mutual fund?
Mutual funds pool the assets of many investors and manage those assets based on the charter of the fund rather than the individual objectives of investors within the fund. A private account is a brokerage account owned by you that we manage on your behalf. Although Financia Capital builds each private account around one of our master portfolios, the separate account structure permits us to address the individual needs of each client, including conservative risk tolerance levels, income-generation requirements, and concerns associated with large taxable accounts.
