GenTrust Managing Director Jim Colavita in The Wall Street Journal

Brokerage Firms Are Pitching Separately Managed Accounts. Here’s What to Know.

These personalized portfolios are increasingly being marketed to investors for their tax flexibility and upside potential. But beware of costs.

Separately managed accounts have gained popularity as investors seek more flexibility to manage taxes and amplify gains than investing in mutual funds or ETFs.

Individual investors looking to personalize their portfolios are pouring billions of dollars into “separately managed accounts,” bucking the trend toward passive investing in mutual funds and exchange-traded funds in favor of active, individualized money management.

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