What are privately managed accounts. How do they differ from other investment options and what are the primary benefits to the investor?
Privately managed accounts, or as commonly referred to as PMAs, have been used by institutions and high-net-worth investors for over 100 years, but it is only recently in the last 3 years of this bear market that Privately Managed Accounts have really become the investment option of choice for individual investment accounts. A Privately Managed Account is simply having your individual investment portfolio selected and managed on a daily basis by the industry’s top professional firms. Your money is not commingled with other people’s money like mutual funds. You get direct daily individual attention for your portfolio by the professionals you chose to manage your investments.
