A Separately Managed Account is the cornerstone of the service that BCV Asset Management provides to Clients. It is exactly what the name suggests- your investment portfolio is held in an account in your name, separate from all other investors. Your investment portfolio is managed to meet your unique investment requirements.
Separately Managed Accounts have long been used by corporations, trusts, endowments, pension plans and high net worth investors. These investors demand a level of attention to their requirements that simply cannot be met by mass-market retail investment products. These investors require a direct relationship with the professionals who are managing their investment portfolio.
Separately Managed Accounts have seven key advantages over mutual funds and other similar investment products:
Fees
BCV has a maximum Annual Management Fee of 175 basis points of Assets Under Management. This Management Fee is generally tax-deductible in non-registered accounts.
Tax Efficiency
Separately Managed Accounts provide the ability to control the timing of transactions that have tax implications. Separately Managed Accounts provide a cost base that is unique to each Investor, with realized capital gains or losses reflecting the actual gains and losses for the investor.
Performance
Separately Managed Accounts typically remain fully invested, providing the opportunity to earn investment returns on equity and fixed income positions as opposed to holding cash balances. Any additions to and withdrawals from the accounts occur only as directed by the investor.
Customization
Separately Managed Accounts invest only in assets that are consistent with the Investment Policy Statement. An Investment Policy Statement is unique to each investor, reflecting their financial position, short- and long-term investment needs, risk tolerance, and other special circumstances.
Transparency
Separately Managed Accounts allow the investor to be fully aware of their investments. Investors receive immediate transaction confirmations and monthly statements from the Custodian and receive quarterly statements and performance reporting from the Portfolio Manager. Investors also have the ability to access their account information online through the Custodian.
Management Focus
Separately Managed Accounts reflect the investment style of the Portfolio Manager and the constraints of the Investment Policy Statement. This allows the Portfolio Manager to focus research on a manageable number of companies within their area of expertise, allowing for a better understanding of both the companies and the industries in which they operate.
Service
Separately Managed Accounts allow the investor to receive a superior level of service from the Portfolio Manager. Investors receive a customized investment product, reflecting the parameters of the Investment Policy Statement and the direct relationship with the Portfolio Manager.