You work hard for your money. When you invest it, you want your money to work hard for you. That's a difficult goal to achieve when you're being offered the wrong investment tools. The last thing you want is a "one-size-fits-all" approach to investments. That's where separately managed accounts come in to play. Separately managed accounts, or SMAs, are the perfect way to diversify your investments. If you're just getting started with your investments, here are four things you should know about the benefits of separately managed accounts.
Higher Level of Transparency
One of the problems with traditional investment options is that there's limited transparency. Unfortunately, that means as the investor, you're limited in your ability to control where your money is invested. That leaves you with all the peril if your investments collapse, but no control of the ride. Separately managed accounts allow you the freedom to choose your own security purchases, while still affording you the opportunity to work with an investment counselor.
Access to Better Options
One of the benefits of separately managed accounts is that they provide you with better investment options. First, they provide a simplified process for investments. Second, they provide cost-saving investment opportunities. Finally, they provide you with the opportunity to grant you access to experienced portfolio managers that you wouldn't get through traditional discount investment opportunities, which make them the perfect investment avenue for the low to mid-range investor.
Portfolios Designed to Match Your Goals
When you're in the process of designing your portfolio, you need it to match your investment goals. Unfortunately, that can be difficult to do with traditional investment avenues. Regardless of whether you're looking for an investment portfolio that will help improve your retirement, provide you with much-needed tax shelters, or give you a safe place to invest money from an inheritance, separately managed accounts will provide you the avenue for a portfolio that matches your investment goals.
Easier Consolidation of Investment Accounts
When it comes to investments, ease of consolidation is key. It can be difficult to manage multiple investment accounts, especially when you're new to the world of investing. One of the benefits of separately managed accounts is that they're easier to consolidate into more manageable portfolios.
If you're looking for an easier way to build your portfolio, it's time to speak to an investment counselor about the benefits to be had through wholesale SMA distributors.