In a managed account, you have an expert, a real pro, customizing your portfolio, diversifying your investments, even giving you individual tax planning. It’s a lot like a mutual fund – but you directly own the securities in your portfolio. Plus, you know the manager is guided at each step by the account’s specific objective. But managed accounts weren’t accessible… It used to require a big bag o’cash – or roughly the price of a rapper’s necklace – just to invest. But the price of belonging keeps dropping. You can also consider mutual funds managed accounts or multi-manager accounts that include different asset classes and investment styles. Bottom line? Managed accounts come at a price – but they combine the benefits of direct ownership, professional management, and diversification.