Why separately managed accounts (SMAs)
Separately managed accounts provide individual investors access to institutional-quality money managers at reduced account minimums. Within this structure, the investor directly owns the securities in the portfolio, and can impose restrictions against the purchase of specific securities as a means of customizing the portfolio for their own requirements. This flexibility allows the investor the potential benefits of direct security ownership combined with professional management.
Direct security ownership may include:
- Ability to transfer securities in-kind
- Individual security reporting
- Tax efficiency (loss harvesting, wash sale management)
- Customization/restrictions (work around concentrated positions or personal preferences)
The benefit of Russell Investments’ Separately Managed Accounts
Using Russell Investments’ Separately Managed Accounts, investors can implement a tax-efﬁcient approach that leverages Russell Investments’ renowned investment manager research, selection and monitoring. This process is our trademark, forming the cornerstone of our advice to global institutional investors for more than 50 years.