Family Office Definition: Separate Account
Separate Account definition: A separate account is managed privately for an individual, as opposed to mutual funds which are managed collectively. Separate accounts typically have higher investment minimums to access than a mutual fund. An advantage of private management with a separate account is better tax planning in the form of tax loss harvesting or deferring capital gains.
Download our free Family Office Report to learn more about the family office industry.
Read more Family Office Definitions
Tags: What is separate account?, separate account definition, separate account family office, separate account term, define separate account, separate account wealth management, separate account multi-family office, separate account single family office
