Tel: 780-670-8049


BMO Nesbitt Burns
800 Manulife Place
10180 - 101 Street
Edmonton, AB
T5J 3S4

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Separately Managed Accounts

Separately Managed Accounts, commonly referred to as SMAs, enjoy the same benefits of mutual funds, such as diversification and professional money managements. Unlike mutual funds however, the client actually owns the individual stocks within their own separate account, avoiding embedded capital gains liabilities, and high MERs (Management Expense Ratio). For clients invested in non-registered accounts, the management fee of their SMAs are tax deductible.

If you would like to discuss how SMAs can complement your overall wealth management strategy, contact us by email or at (780) 945-5203.