SMA

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Definitions
Separately Managed Account (SMA)
Separately Managed Account SMA Investments Securities Money Management Broker-Dealers Subadvisors Financial Portfolio
A Separately Managed Account (SMA) is a professionally managed portfolio of securities that uses pooled money to buy investments owned directly by the account holder. SMAs, also known as separate accounts, individually managed accounts, or managed accounts, are usually marketed by broker-dealers who select money managers, or subadvisors, for clients from a curated list.
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