Definition of a Unified Managed Account

A unified managed account is a private investment account that is professional managed and combines a number of different assets.

Normally, a diversified financial portfolio would need separate accounts for different investment types, such as stock bonds, mutual funds, etc. With a unified managed account, the value of all of the combined assets is reflected under a single account registration.

These types of accounts are only handed by professionals, as regular rebalancing is needed. Rebalancing is the adjustment of asset allocation that is done to maintain the original investment target and portfolio management goals.

 

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