In comparison, the only money in one of these separately managed accounts is your own.
FORBES: Move over, mutual funds
The company already has a separately managed accounts program that will be folded into this new ETF.
FORBES: Actively Managed Funds On Parade In Orlando
Traditional mutual funds, and separately managed accounts have to respond by lowering fees in order to retain market share.
FORBES: ETFs Are Friendly On Fees But Not Always Your Best Bet
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