Separately managed accounts (SMAs) play an important role in providing investors choice in how they access professional investment management. They also offer the flexibility to tailor a portfolio that is responsive to the needs of high net worth individuals.

With an SMA, investors benefit from direct ownership of securities, versus investing in a mutual fund or exchange-traded funds (ETFs), where your money is pooled with that of other investors. This difference is key to understanding the many advantages of an SMA, and what SMAs offer.

• The depth of resources of the third-largest provider of SMAs†
• The largest provider of SMAs offered through model-delivery platforms
• A full spectrum of capabilities that include equity, fixed-income, balanced, and customized portfolios.
• The sustainable investing expertise of affiliate managers –via our institutional custodian Charles Schwab & Co., Inc.
• Investment affiliates known for tenured management teams and decades of experience in their respective investment styles.