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The Basics |
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How Separate Account Programs Work
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Through separate account programs,
investors, financial advisors and portfolio managers work together
toward achieving the client's long-term financial goals.
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Investor |
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Meets required minimum investment
Pays a single, asset-based fee
Works together with financial advisors
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| Financial Advisor |
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Outlines investor's long-term financial goals
Helps devise an investment policy
Generates an asset allocation plan
Evaluates and hires leading investment managers
Regularly measures investment performance and monitors managers
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| Portfolio Manager |
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Manages portfolio based on a stated investment objective
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Liquidity
Mutual Funds — Typically, money is available next business day (although redemptions may take up to seven business days).
Separate Accounts — Depending on the securities redeemed, trades may take up to three business days to complete.
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