What is the difference between advisory and managed accounts?
A clear starting point for the conversation ahead.
iA’s published guide describes advisory accounts as involving client approval of decisions, while managed accounts delegate decisions to a Portfolio Manager within an agreed investment policy. Confirm the current responsibilities, requirements, and costs with the specific practice.
Think about the involvement you want
Would you like to discuss and approve investment decisions, or explore delegating decisions within a defined mandate? Your preference is a starting point for the discussion, rather than a suitability decision.
Ask how the relationship works in practice
The account label does not answer every service question. Ask who has decision-making authority and how the relationship will be documented and reviewed.
- Who makes and approves investment decisions?
- How are objectives, responsibilities, and any mandate documented?
- What are the current all-in fees and account requirements?
Confirm current terms
The source guide dates from May 2020. This page uses its explanation of responsibilities; it does not treat the guide’s historic minimum as a current eligibility rule.
Sources you can explore
iA — Choosing an investment advisor iA Private Wealth — Find an advisorThe advisor-selection guide was published in May 2020. Confirm all current terms directly.
Original educational summary. Not reviewed or approved by iA. General information, not personal financial advice.