Investing in Separate Accounts by Davidson, Erik; Freeman, Kevin;

Short description:

Everything You Need to Know to Establish a Separate Account­­and Control Your Own Private Mutual Fund

Mutual funds­­because of their lack of investment control, hidden fees, and inequitable tax liabilities­­are on their way out. Investing in Separate Accounts covers the numerous advantages of separate accounts over mutual funds and explains why separate accounts have become the new investment of choice for knowledgeable investors.

Acclaim for Investing in Separate Accounts...

"Kevin Freeman, as developer of the Franklin Templeton Private Client Group, built a wealth of experience and wisdom which he shares with you in Investing in Separate Accounts."­­Sir John Templeton

"Here is the first comprehensive publication that tells the powerful story of managed accounts, how they work, and why they are positioned to dominate in the delivery of investment consulting services in the years ahead."­­Christopher L. Davis, Executive Director, The Money Management Institute

"Investing in Separate Accounts is a great book for investors who want to learn how separately managed accounts can help meet their investing objectives."­­Steven M.H. Wallman, Founder and CEO, FOLIOfn

"This is the first truly insightful book I have read on the next really big thing: separate accounts."­­Jamie Waller, Director of Separate Accounts, Citigroup Asset Management; Former Partner, Checkfree APL

"(Erik Davidson and Kevin Freeman's) separate account solution shows a long-term vision for the wealth management clients need."­­W. Reay Mackay, Vice Chairman, RBC Financial Group

"Clearly, separate accounts have strong selling points. Unlike investing in a mutual fund and immediately being exposed to the fund's embedded capital gains, an investor has some say over stock purchases and sales in a separate account, giving him better control over his tax bills. Another advantage is that investors can say no to a stock they don't want to own­­a tobacco company or defense contractor, perhaps­­or one they already own in such quantity that they don't want any more."­­The Wall Street Journal

Control over your own investment portfolio ... no embedded capital gains liabilities or hidden fees ... greater ability for tax-related trading... a personal investment advisor "on call." ... For millions of average investors­­not to mention today's most trusted investment publications­­the advantages of separate accounts over mutual funds have become impossible to ignore. Investing in Separate Accounts details all of the advantages of separate accounts, explaining how separate accounts work, where and how to open one, how to assure yourself of an account manager with a successful track record, and more.

This hands-on book covers every aspect of opening and maintaining a separate account. From how to open a separate account with $50,000 or less to strategies for trading successfully within that account, Investing in Separate Accounts explains everything you need to know about:

• Fees­­What separate accounts cost, and why you'll never be surprised by a charge
  
  
• Taxes­­Techniques to offset profits or losses from other investments
  
  
• Transparency­­How to always know how and where your money is invested
  
  
• Control­­Ways to concentrate investments on­­or avoid­­certain stocks or sectors
  
  
• Personalization­­How to instruct the fund manager to structure your account the way you want it
  
  

The writing is on the wall­­separate accounts have replaced mutual funds to become today's most versatile, customizable vehicle for individual investors. Let Investing in Separate Accounts explain their benefits, highlight their many features, and help you make an informed decision on whether separate accounts are right for you.

Table of Contents:

Investing in Separate Accounts