managed account

managed account definition - finance
An investment account that is managed by an investment advisor who makes the choice about what investments will be made. The account holder pays a management fee, which is usually based on a percentage of assets managed.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.