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Having Your Own Money Manager -- Not Just for the Rich Anymore!
Separately Managed Accounts Can Offer a Better Alternative to Investing Than Mutual Funds
| Source: Don Wilkinson
NEWPORT BEACH, CA -- (MARKET WIRE) -- October 17, 2006 -- Thanks to computer software improvements
and old-fashioned competition, a thirty-year customized means of building
wealth -- Separately Managed Accounts (SMAs) -- is now one of the fastest
growing financial strategies on Wall Street for average Americans of middle
class means. At one time, it was only available to ultra wealthy
individuals, big companies and institutions. Now, over 37 million American
households qualify for private money management.
Unlike mutual funds, which have a track record of escalating fees, crushing
tax liabilities, double-digit losses in recent years, and on and off again
industry scandal, SMAs are individual "baskets" of stocks/bonds fully owned
by the investor and actively managed by independent institutional money
manager(s). These are the same professionals who maintain the investment
opportunities for the Ford Foundation and folks like the founder of
Microsoft.
According to financial expert Don Wilkinson, author of "Stop Wasting Your
Wealth in Mutual Funds...Separately Managed Accounts: The Smart
Alternative" (Kaplan Publishing), "When you take a close look at the
numbers, it's more economical to be in separate accounts than in mutual
funds."
For instance, switching to a Separately Managed Account from a group of
taxable mutual funds can help reduce your obligation to Uncle Sam
substantially. SMA investors can instruct their money manager to do "tax
harvesting" -- controlling gains and losses within a portfolio. Wilkinson
explains, "Gaining more control over taxes is the number one reason
investors are leaving mutual funds and moving into separate accounts."
The 'emerging affluent' investor needs to know that having your own money
manager(s) is no longer out of reach. In fact, separate accounts are now
offered by independent financial advisors, major wire houses, banks,
regional brokers, and individual retirement plans like 401Ks. "Things have
changed as technology reduces the administrative end of separate accounts,
and the minimum investment continues to drop," Wilkinson says. "Investors
can now set up a separate account today for as low as $50,000."
Don Wilkinson is a 30-year veteran of the financial services industry. He
owns and operates a wealth management firm based in Newport Beach,
California. Wilkinson gives more than 100 seminars a year to independent
financial advisors and their clients.