Most savvy investors want their investments to reflect their goals and objectives as closely as possible. The potential efficiencies of participating in a group or a pool pale when compared to the investment and service advantages of a privately managed account. Communications, tax considerations and investment selection are just a few reasons private accounts are so appealing.
It is no wonder that the separate account choice has grown by such extraordinary numbers. Separate accounts make affordable a level of professional assistance that was once only a luxury to the largest accounts. Selecting the services of a high-quality money manager whose style fits your needs, is the key to achieving successful results.
The process of selecting a private money manager can be complicated and involved as there are many to choose from but only a handful that might be right for you. The selection involves comprehensive due diligence in order to separate superior managers from the ordinary managers. This is where your consultant can help. Not only can your consultant help you choose the appropriate manager or mix of managers, but they can also take you to the next (very important) step: monitoring the progress of your investments.
All investments must be monitored and reviewed continuously. This does not mean that continual change is required, a long-term outlook will reward you. After your choice for investment managers is made, it is now most important that you remain loyal to your decision for at least a market cycle (three to five years). Managers have styles and processes, which ebb and flow with market conditions.
|A SEPARATE ACCOUNT OFFERS COMPREHENSIVE INVESTMENT ADVANTAGES:|
|Portfolios created for you. Your assets are not|
pooled with the assets of other investors. The
performance and expenses of your account are
not affected by activities of other investors in the
|Direct ownership. You have direct access to|
and ownership in the securities the manager has
purchased for you as opposed to owning “shares
of a fund.”
|Portfolio flexibility. The investment approach|
and/or your money manager can be changed as
your needs change.
|Customized approach. You can eliminate|
specific investments in industries or companies
that you would rather avoid such as tobacco,
gambling or weapons.