This offering comes close to the managed accounts that have been popping up on the Internet.
By their very nature, managed accounts can address another frustrating downside to mutual fund investing.
In comparison, the only money in one of these separately managed accounts is your own.
The financial pros who run managed accounts are usually already sensitive to tax issues.
In managed accounts, the participants hand over discretion to Vanguard to make investment decisions for them.
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Or, you could offer them the sort of managed accounts pioneered by Financial Engines.
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The company already has a separately managed accounts program that will be folded into this new ETF.
Movie stars, professional athletes, instant Internet millionaires and the merely affluent are stashing money into individually managed accounts.
We follow this strategy for our managed accounts and attempt to achieve this diversity in the Multi-driver Portfolio.
Through managed accounts and three mutual funds, Southeastern holds positions in companies like Loews, Directv, FedEx and Consol Energy.
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Traditional mutual funds, and separately managed accounts have to respond by lowering fees in order to retain market share.
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In the closing months of 2002 we conducted research into investment advisory fees paid by pensions for actively managed accounts.
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Once you factor in the additional costs related to managed accounts, Vanguard is not such a low cost provider anymore.
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That should help attract client assets, he says, into its mutual funds and separately managed accounts as market conditions improve.
When I spoke with Bogle last year, he recounted how even mutual funds have transformed into overly managed accounts.
Schwab and Fidelity offer a range of so-called managed accounts, portfolios of funds and individual securities assembled by professional money managers.
And it may be more commonplace in the institutional market involving separately managed accounts that in the retail mutual fund market.
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The portfolio of Mike Koza has been made available to clients with separately managed accounts at Marketocracy Capital Management.
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Managed accounts pay advisory fees which include management and incentive fees, whereas funds using profit allocation clauses only pay management fees.
To run the show, Schwab has poached the executive who runs managed accounts at Salomon Smith Barney, the largest marketer of the investments.
Bateman believes this is defensive and says the strategy was proven during 2008 in separately managed accounts, returning 8.5% during a challening year.
Disclosure: I am the portfolio manager for separately managed accounts, mutual and hedge funds advised by Marketocracy Capital Management, an SEC registered investment advisor.
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Some portion of the 40 basis points charged by Vanguard for managed accounts is paid to a firm named Financial Engines for independent portfolio optimization.
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We found that investment advisory fees paid by pensions for actively managed accounts are exceptionally high and have crept higher over time for no good reason.
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Investment managers can only use profit allocation with investment funds and not on separately managed accounts, because only partners can share special allocations of underlying income.
The rules should also give a boost to the use of managed accounts, such as those offered by Financial Engines , the pioneering Web-investment advice software company.
If managed accounts sound intriguing, keep in mind that you won't have the same kind of access to your manager that you've got with a broker or planner.
FolioFN is also picking up some revenue by applying its software and trading systems to related tasks, such as automating the work of maintaining separately managed accounts at Brinker Capital.
Financial Engines Chief Investment Officer Christopher Jones says his company has so far signed deals to offer managed accounts to 2 million workers, including those at Motorola and JC Penney.
Of the stock listed above, we are invested in all of the above mentioned securities, either in the GMG Defensive Beta Fund or in separately managed accounts for our clients.
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