Expensive Separately Managed Accounts

 

          

Wall Street advisers, with their usual marketing diligence, have been

doing relatively well, marketing ways to make money. Example: Assets held in investor’s name. Separately Managed Accounts or SMAs

          

They’re expensive. They represent the same advisory cost problem,  for a service available from mutual funds and ETFs. Especially when you are a relatively modest investor.(See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)