What is a Managed Account?
A separately managed account is one that’s owned by the individual investor and monitored by a professional money manager. In the past, only institutional investors (like large pension plans and endowments) could get access to professional money management firms. But that’s changed. Now the services of these money managers are within reach of individual investors just like you. There is no assurance that any investment program will result in success. Investing involves risk and investors may incur a profit or a loss. Separately Managed Accounts (SMAs) may not be appropriate for all investors. SMA minimums are typically $100,000 and greater, thus SMAs may be more appropriate for affluent investors with $300,000 or more to invest. While diversification may be achieved within an individual SMA, due to holdings typically numbering between 20 and 70 securities, it is recommended that clients utilize multiple SMAs with varied investment disciplines (growth, value, large-cap, mid-cap, etc.) t
A managed account allows the investor to have their funds traded by the Destiny NN via a limited power of attorney agreement. This is the easiest way to take advantage of the Destiny automated trading system. Just deposit the funds into your trading account and we do the rest. No need to keep your computer on 24 hours a day. You retain full access to your account at all times.
