Is there a minimum investment needed to establish an account?
Yes, but different managed account programs have different minimums. At the least, it will be an amount the advisor and FCM / Bank (given the trading approach utilized) consider adequate to achieve account diversification. Investors would be well advised not to establish an account with a very small investment as they would be induced to use exceptionally high leverage and thereby result in a mathematical disadvantage at the inception of trading itself. Minimum account size also may be affected by whether the managed account program is designed principally to serve individual investors or institution / corporate clients.