A managed account is an investment portfolio overseen by a professional money manager who administers the portfolio to an investment strategy. These accounts may be comprised of stocks, mutual funds, bonds, cash, and other securities. Traditionally, managed accounts were exclusive to the uber-wealthy. Nowadays, managed accounts are more affordable to come by. And depending on your needs, could offer some added benefits. Here are just a few reasons you may want to consider a managed account.
- Customization: Unlike a mutual fund that is managed on behalf of everyone investing in that fund, a managed account is an investment portfolio managed by a professional to help meet your goals and needs.
- Access to Exclusive Institutional Money Managers: With a managed account, you will have access to money managers who might typically be reserved for institutional investors.
- Active Account Management: As your life changes, your investment needs will change, too. Your investment advisor will monitor your managed account and make changes, as needed, including rebalancing
Not sure if a managed account is the best approach for you? We invite you to make an appointment with our CUSO Financial Services, L.P. (CFS*) financial advisor to learn more. Our CFS* representative has met with many 1st United members and has assisted with everything from financial advice to retirement planning. Feel free to reach out to Rahil Machiwalla at (925) 598-4718. He is available to talk by phone or he can meet you for a complimentary appointment at any of our branches.
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the Credit Union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to Credit Union members. Please consult a qualified tax advisor for specific tax advice.