Separate Account

Separate Account

by Richard C. Wilson & Family Offices Group Association Team

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.

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