Unified managed accounts are managed investment accounts that have developed out of

separate account A separate account is a segregated accounting and reporting account held by an insurance company not in, but rather "separate" from its general account. A separate account allows an investor to choose an investment category according to his indi ...

s. Where a separate account holds the securities associated with a single investment manager or style managed for a client, a unified managed account typically holds multiple separate accounts, as well as other investment products such as mutual funds and exchange traded funds. Unified managed accounts also typically automate services such as rebalancing, cashflow management, and other services that are typically handled manually by financial advisors or institutions when using a separate account. A unified managed account removes the need to have more than one account and combines all of the

asset In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value ...

s into one account with a single registration.

References

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