Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a separate managed account (SMA)?

account managed separate SMA
0

An SMA is a private, individual investment account where you have direct ownership of the actual securities in the account. It is managed by a professional money manager; however you, the investor, can restrict the types of securities held in the account. It can also be invested to offer maximum tax efficiency.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123