Sydney, Australia-----Let us start with the definition of managed accounts which states that it is an account of investment which is owned by some investors operating individually and is taken care of by the professionals who are being hired as a money manager. Unlike the mutual funds which get managed by professionals and are managed on the behalf of all holders of the mutual fund.

While talking in terms of banking, the key term can be said as a product based on investment management, which is absolutely fee-based especially for individuals of high-net-worth. The prime demand for well-off individuals is getting an access from the professional managers with a high customization and greater efficiencies in terms of tax in a product which will absolutely be 'fee-based'. But make sure that these should not get confused with the bank accounts which are being managed manually, accounts meant for e-money or basic, simple bank accounts and all these would be consumer products of banking.

Initially, all the managed accounts initiated as SMAs, which is the abbreviation of Separately Managed Accounts and since then it has evolved into MSAs (Multiple Strategy Accounts) and UMAs (Unified Managed Accounts). A big agreement has there broadly defined that all the managed accounts have got all abilities in provisioning advantages of greater control, transparency as well as liquidity.

As the technology has stepped back largely henceforth minimum managed accounts has been functioning and with it the cost has also dropped in operating the programs of managed accounts. But surprisingly the managed accounts have also shown an interest of mass affluent with its products of managed accounts.

What about the delivery?

There are a few firms who offer capability in outsourcing services for undergoing a back office as well as middle office managed account functioning. The technology platform meant for managing account's gets supervised by a 1990 legacy technology named as 'Security APL' which holds the background from New Jersey, Jersey City. This technology is based on 'CheckFree Corp' that is the mother name of 'CheckFree Investment Services'.

'PNC Managed Investment' remains the other vendor who has been awarded FIRST during the year 2009 by the big name 'MME (Money Management Executive)'. The award came to the nomination of Year's Solution of MMI Products and henceforth given the title of among the finest business technology innovators during the year 2008. This title came up from the 'Annual Information Week500' due to its immense innovation and flexibility of providing UMA Solution.

What is more important to focus about the managed account is that this gets designed especially for those investors who offers a preference to get fidelity regarding money management for themselves so that they can concentrate on the several aspects related to their happy living.

Several companies are there offering you services regarding such. So before you can actually decide on whom to choose and their advantages disadvantages it is advised that a little research certainly would be helping you a lot. And do assure that the research is helping you from the right perspective only.

Company Overview :

2020 DIRECTINVEST is more than a fund broker. We put you in the driver's seat by giving you access to unique market insights and research, a choice of best of breed investment products, and high quality education to help you design and execute investment strategies suited to your financial objectives.

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