From DIY to working 1-on-1 with a financial professional, there is help for every kind of investor. Managed accounts are among those options and are generally available for both workplace retirement savings plans and for individual investors. But what exactly are they, how do they work, and what are some of the options available for you? We’ll break down the basics, including the different types of managed accounts and levels of help, how fees work (pro tip: they may be lower than you think!), and how they might fit into an overall investment strategy.

00:00 Introductions
02:00 What’s the difference between financial planning and investment management?
05:35 What is a managed account and 3 things to consider when deciding if it’s right for you (Hint: Assess your will, skill, and time)
09:12 Options for managed accounts at Fidelity Investments—from DIY to working with a professional
10:40 Difference between a managed account and a separately managed account (SMA)
16:42 How are investment choices made within a managed account?
21:37 Tax considerations in a managed account
23:30 Cumulative value of tax-smart investing strategies
32:25 What is a fiduciary?
33:35 What happens in the first meeting with a Fidelity Investments advisor?
35:00 Do you need a lot of money to open a managed account?
33:28 What are the fees and costs of a managed account?
36:30 How involved do you need to be in your managed account?
37:32 Does all your money need to go into a managed account?
38:00 Will professionally managed accounts always outperform self-managed investments?
39:10 Personalization within a managed account
40:00 Are investment options limited in a managed account?
40:20 Wrap-up

Questions? Drop them below 👇 and we’ll reply right in the comments.

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