
They’re diversified portfolios of securities managed by investment professionals, similar to a mutual fund or ETF. The key difference between these products is the structure of ownership. With mutual funds or ETFs, you and other investors will own units of the fund, which in turn will purchase individual securities. With a separately managed account, you own each individual security directly, which allows for greater customization and tax benefits.
Connect with an IG Advisor to find out more about how separately managed accounts could help you reach your financial goals.