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.
"managed account." YourDictionary, n.d. Web. 13 October 2018. <http://www.yourdictionary.com/managed-account>.
managed account. (n.d.). Retrieved October 13th, 2018, from http://www.yourdictionary.com/managed-account
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