managed account

managed account definition - business

managed account

An investment account that is managed by a broker or other professional. Managed accounts are designed for investors lacking the time, interest, or expertise to make their own decisions.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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