Expensive Separately Managed Investment Accounts ( SMAs)

              

Wall Street advisers, with their usual marketing diligence, have been doing relatively well, marketing yet another way to make money. Assets held in investor’s name. Called: Separately Managed Accounts or SMAs

                   

I repeat again my comments about SMAs: They’re expensive. They represent the same advisory problem, of high cost for a service already available from mutual funds and ETFs. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)