Managed Money
A means of investment where the investor, rather than buying and selling their own securities, places their investment funds in the hands of a qualified investment professional for a predetermined annual fee. Investopedia Says:
Mutual funds are a good example of managed money; investors simply put their money into the fund, which deducts a specified percentage from the funds on a periodic basis for the service of researching prospective investments and maintaining the fund's portfolio. Essentially, investors with managed money believe they can earn higher returns by employing someone else to professionally handle their investments. Related Terms:
Assets Under Management - AUM
Investment Advisor
Money Manager
Portfolio Management
Separate Account
Wrap Account |