Business / Taxes / Managed Account: A managed account is a portfolio of stocks or bonds chosen and managed by a professional investment manager who makes the buy and sell decisions. Each managed account has an investment objective, and each manager oversees multiple individual accounts invested in the same basic portfolio to meet the same objective. While managed accounts resemble mutual funds in some ways, with a managed account you own individual securities rather than shares of a common fund. You may also be able to request that the manager avoid certain investments, which you can’t do with a mutual fund. And, through your broker you might ask the manager to sell certain holdings in your account to realize capital gains or losses. There are no phantom gains in managed accounts. Those gains can occur if a mutual fund realizes a profit from selling an investment and credits you with a capital gain even if there's no actual increase in your account value. However, the minimum investment is usually substantially higher for a managed account — often $100,000. Plus, the annual fees, which are included in the amount you pay the financial professional who recommends the account, may be higher than the fees on a mutual fund of similar value.
Account Noun Synonyms: calculation, accounting, reckoning, computation, (financial) statement, enumeration
Business / Finance / Discretionary Account: Variable like 1, 2, 3. Bond ratings are examples of discrete classifications. MORE
Business / Finance / Margin Account (Stocks): A leverageable account in which stocks can be purchased for a combination of cash and a loan. The loan in the margin account is collateralized by the stock; if the value of the stock drops sufficientl MORE