SMAs are investment portfolios managed by professional asset managers on behalf of individual investors. SMAs can be highly diversified like mutual funds and ETFs, but allow investors to own their ...

Advisors have long known that effective retirement planning requires consideration of a complex set of financial variables, much more than a projected retirement date.

Many people assume that if they have “managed money” with an advisor, everything in the account is tailored for them. In reality, many managed accounts are built mainly from mutual funds and ETFs.

Unified managed accounts (UMAs) and separately managed accounts (SMAs) are two account types that offer high-net-worth clients more control and flexibility than mutual funds. Both options let you ...

A unified managed account, or UMA, is a single investment account that brings together multiple types of assets. This structure makes it easier for investors to view their holdings, monitor ...

An SMA may be an option for investors with at least $50,000 and who want more control over their money managers. Many, or all, of the products featured on this page are from our advertising partners ...

Managed accounts are rapidly becoming a centerpiece of the modern 401(k). Fidelity data shows that access to the once-niche service has surged from 17% of plans in 2014 to 42% by 2023, reflecting a ...

The Portfolio returned 4.81% (gross) and the 60% Msci Acwi Net/40% Bloomberg US Agg Linked returned 5.36%. The portfolio's overweight allocation to U.S. equities detracted from relative performance, ...

SMA municipal fixed-income assets, both taxable and tax-exempt, have grown from $100 billion in 2008 to an estimated $1.2 trillion of the $4 trillion market at the end of Q1 2025. The muni market has ...

Separately managed accounts offer personalized investment management—here’s how they differ from mutual funds, what they cost and who they’re best for Written By Written by Staff Money Writer, Buy ...