Knowledge Tree
Separately Managed Account
Also known as: SMA, SMAs, Separately Managed Account, separately managed accounts
Facts (14)
Sources
An Exploratory Study of the Wealthy's Investment Beliefs ... financialplanningassociation.org Mar 1, 2025 8 facts
procedureFinancial advisers working with high-net-worth clients should enhance awareness of separately managed accounts and alternative investments, temper investment overconfidence, build financial literacy, proactively rebalance portfolios, and promote the non-financial benefits of professional advice.
referenceHearts & Wallets published 'Separately Managed Accounts Grow, Mutual Funds Stagnate, and the Board-Level Competitive Imperative for Asset Managers' on October 26, 2023.
claimThe high-net-worth cohort was more likely to own separately managed accounts (SMAs) and alternative investments than the affluent cohort, while cryptocurrency ownership levels were similar between the two groups.
claimSeparately managed accounts are generally considered more tax-efficient than mutual funds and, along with ETFs, are becoming preferred vehicles for wealthier investors, according to Hearts & Wallets (2023).
procedureFinancial advisers serving wealthy clients should adopt five specific actions: increase the use of separately managed accounts and alternative investments; use SPIES (Lurtz 2020) and premortem planning (Klein 2007) to reduce investment overconfidence; improve client financial literacy regarding life expectancy; encourage proactive portfolio rebalancing; and emphasize the non-financial benefits of advisory services.
claimWealthier individuals are more likely to own separately managed accounts (SMAs) and alternative investments compared to the affluent cohort, according to the 2023 study on wealthy individuals' investment beliefs.
claimWealthier individuals are more likely to own separately managed accounts and alternative investments due to tax and diversification benefits.
measurementOnly 26 percent of high-net-worth respondents report owning separately managed accounts, and 19 percent report owning alternative investments.
The Importance of Macroeconomic Indicators - Learning Spotlight wtwealthmanagement.com Feb 11, 2026 5 facts
claimIn a Separately Managed Account (SMA) managed by WT Wealth Management, investors may own individual Exchange Traded Funds (ETFs), individual equities, or mutual funds.
claimIn Separately Managed Accounts (SMAs) managed by WT Wealth Management, asset allocation weightings are determined based on economic and market conditions present on the day funds are invested.
claimWT Wealth Management determines asset allocation weightings for Separately Managed Accounts based on a wide array of economic and market conditions present on the day funds are invested.
claimWT Wealth Management manages Separately Managed Accounts (SMAs), which are portfolios individually constructed and managed, leading to performance that can vary widely between investors.
claimWT Wealth Management tailors portfolios in Separately Managed Accounts to address an individual investor's personal risk tolerance and investment objectives.
Risk Factors, Expected Returns, and Investment Instruments analystprep.com Aug 5, 2024 1 fact
measurementSeparately Managed Accounts (SMAs) are portfolios managed by professional firms, typically available to wealthier retail clients, that offer customization in investment strategy, direct ownership of securities, and tax advantages, often with annual wrap fees of 1% to 3%.