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Investment management can be confusing, especially if you're not familiar with all of the terminology. If you're looking to get involved but you don't know where to start, consider a managed account. Managed accounts are fee-based investment accounts that are managed by a professional manager but owned by a specific investor.

Here are a few things to consider when determining whether a managed account makes sense for you.

Investments Managed: How Does It Work?

Before opening an account, you and your financial advisor will discuss your financial goals, investment objectives, time horizon and tolerance for risk as well as your ability to invest and overall knowledge of investments. Once these questions are answered, the advisor will have a better idea of what kind of managed portfolio might work best for you.

Managed accounts provide ways to invest in a variety of assets that diversify your investments. These flexible, model-based portfolios also allow you to offset any gains or losses.

Is a Managed Account for You?

Managed accounts are personalized investment portfolios that are tailored to your specific needs and goals. They're typically meant for someone who is a little more well-versed in financial matters.

While fee-based managed accounts may cost more than a mutual fund, the benefits of a personalized portfolio may outweigh the costs.

Types of Managed Accounts

There are several types of managed accounts. You'll want to consider the minimum investment requirements and the fees associated with managing each kind of account before you make a decision. Options include:

  • Model Portfolio Strategy Programs: Portfolio of mutual funds and ETFs that you choose to suit your investment style and comfort level.
  • Separately Managed Account Programs: A portfolio of assets owned by you with a strategy tailored to your goals.
  • Unified Managed Account Programs: A way to combine all of your assets into one account with a comprehensive strategy. You choose your exposure to non-traditional assets, such as real estate or cryptocurrency.

As with any investment management strategy, nothing beats speaking with a financial advisor to tailor a financial plan to your overall goals. They can help you determine which investments may work best for your risk tolerance, objectives, and financial situation — and how a managed account may or may not fit into your financial picture.

Disclosures

This information and recommendations contained herein is compiled from sources deemed reliable, but is not represented to be accurate or complete. In providing this information, neither KeyBank nor its affiliates are acting as your agent or is offering any tax, accounting, or legal advice.

By selecting any external link on www.Key.com, you will leave the KeyBank website and jump to an unaffiliated third party website that may offer a different privacy policy and level of security. The third party is responsible for website content and system availability. KeyBank does not offer, endorse, recommend, or guarantee any product or service available on that entity's website.

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