Top Companies to Handle Managed Investment Accounts
Oct 20, 2009 | Posted by bryan in Featured, Investment & Finance | 0 Comments
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The Best Companies for Managed Investment Accounts
A managed account is an investment account that is owned by an individual investor and looked after by a hired professional money manager. In contrast to mutual funds (which are professionally managed on behalf of many mutual fund holders), managed accounts are personalized investment portfolios tailored to meet the needs of the account holder. Currently, the most well-known of these companies in the U.S is Charles Schwab, but this article explores a few different options. Firms like Lord Abbett & Company, Rittenhouse Financial Services and Kayne Anderson Rudnick Investment Management have tended to build portfolios conservatively, and performed relatively well according to the Money management institute.
The companies below were chosen because Morningstar Inc., a company that studies investment research, rated them highly. The companies featured below typically have a more conservative, but very stable growth model. Morningstar is a provider of independent investment research on all topics involved with investing money. Founded in 1984 in Chicago, they now have offices in several countries, and their revenues in 2007 exceeded $400 million. Through numerous acquisitions, they now offer investment and brokering services, while staying abreast of the latest technological developments to provide the best data that they can.
Charles Schwab
Chuck Schwab and partners launched the Investment Indicator, a newsletter aimed to educate investors, in 1963. It wasn’t until 1971 that the firm incorporated in California. Through the years, the company grew and expanded, reaching 1 million clients in 1985. They have always had a relationship with Bank of America since their acquisition in 1983. After Charles Schwab in and out as CEO in recent years, they are working to bring customer confidence back. Their “Talk to Chuck” ad campaign has been very successful in making investing more accessible to the average American.
Lord Abbett & Company
This company is one of the oldest money management firms in the U.S. It opened in 1929, just after the stock market crash that heralded the Great Depression. By 1945, they had over $70 million in assets under their management. This company boasts that their one vision is to manage money – they remain steadfast in the commitment not to dilute their focus by offering a clearinghouse of investment products.
Nuveen Investments
Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisers who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, the Company managed $128 billion of assets on June 30, 2009.
Kayne Anderson
Kayne Anderson just recently hired Scott Keys as their new CFO. This firm has always been focused on alternative investing, ever since the company’s inception in 1984. With over $7 billion in managed assets, their stated policy is that they place a higher priority on the preservation of capital than the pursuit of unrealistically large returns. They primarily focus on niche sectors. Interestingly, the company boasts being wholly-owned by investment professionals.