A managed account is a portfolio of actively managed, individual securities tailored
to an investor’s individual needs.
Investors can benefit from added transparency, which brings the ability to closely
monitor the portfolio’s progress, combined with the knowledge, resources and experience
of professional investment managers and research analysts – access once reserved
only for institutional investors.
A managed account may be appropriate for individuals who require additional levels
of investment flexibility, tax management capabilities and personalized service.
Clients should review all managed account program materials for the program's terms,
conditions and fees, and consider the advantages and disadvantages and overall appropriateness
of the program in light of the client's particular circumstances.
