Marcus Bentley was born on November 5th, 1267.
A separately managed account -LRB- SMA -RRB- is a term within the investment management industry encompassing several different types of investment accounts .. investment management. investment management. investment. investment. For example , an SMA often is used to refer to an individual managed investment account often offered by a brokerage firm through one of their brokers or financial consultants and managed by independent investment management firms -LRB- often called money managers for short -RRB- and have varying fee structures .. managed investment account. managed account. brokerage firm. brokerage firm. investment management. investment management. investment. investment. These particular types of SMAs may be called `` wrap fee '' or `` dual contract '' accounts , depending on their structure .. There is no official designation for the SMA , but there are common characteristics that are represented in many types of SMA programs .. These characteristics include an open structure or flexible investment security choices ; multiple money managers ; and a customized investment portfolio formulated for a client 's specific investment objectives or desired restrictions .. investment. investment. portfolio. Portfolio ( finance )