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STIFEL: Professionally managed accounts: Are they for you?

on Tuesday, 14 August 2018. Posted in Dollar Stretcher, Education, Local News

These days, it can be difficult to find the time necessary to do everything we’d like to accomplish. Between working, raising families, volunteering, and extracurricular activities, it is often impossible to tackle every item on the daily “to do” list. For high-net-worth individuals, finding the time to monitor market conditions, research investments, and manage the day-to-day activity of their portfolio can be overwhelming. Investors facing this dilemma may find it beneficial to utilize a professionally managed account.

A professionally managed account can provide individual investors with access to respected and successful investment firms with some of the world’s top managers. These highly trained investment specialists often have extensive experience in developing and monitoring portfolios that are customized for individual investment goals.

In professionally managed accounts, securities are held in individual accounts, offering direct ownership of companies. This allows investors to have an individual cost basis on the securities in their portfolio.

Many investors like the fact that managed accounts have an asset-based fee structure. The investor knows in advance the annual fee for services, which is a percentage of assets under management. Another potential benefit of professionally managed accounts is that tax gains and losses can be actively managed. The investor pays only on capital gains actually earned.

While a professionally managed account cannot guarantee a profit or protect against loss, utilizing the services of a professional money manager may help investors focus on their long-term goals — while allowing them to turn over time-consuming portfolio analysis to a professional. Professionally managed accounts have become popular in recent years due to their combination of tax efficiency, flexibility, and the opportunity to work with leading institutional-quality money managers. To find out if a managed account is right for you, contact your financial advisor today.

Article provided by Frank J. “John” Brand III, Financial Advisor with Stifel, Nicolaus & Company, Incorporated, member SIPC and New York Stock Exchange, who can be contacted in the Florence office at (843) 679-4096.

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