A separately managed account (SMA) is a professionally managed portfolio that you own directly, rather than pooling your money with other investors in a fund. Because you hold the individual securities, you gain control over cost basis, customization, transparency, and the ability to avoid embedded capital gains. SMAs typically require minimums of $100,000 to $1 million or more and are commonly used for direct indexing, municipal bonds, and specialty strategies. For investors who want personalized tax management and direct ownership, an SMA may be a powerful, flexible tool.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
