What is a Central Assets Account?
A central assets account is a single account that may be set up with a brokerage firm or with a bank. The purpose of the account is to provide a single source for all the management of the assets of the given client. Providing this one stop shop approach to asset management allows the client to deal with the same people regardless of what aspect of financial planning or function is required. Sometimes referred to as an asset management account, the process addresses most elements that are common to the task of money management. Often, the basic package will include a checking account that comes complete with a debit card. A credit card is often included as part of the package as well. Along with providing these types of day to day finance products, a central assets account also provides full service options when it comes to managing stocks, bonds, and other types of investments. This can include a brokerage account that will allow for buying and selling stocks, acquiring bonds, and eve
