What are the Account Sizes Necessary?

Most large investment managers have high minimums for client accounts.

A cut-off point of five to ten million dollars is not unusual for institutional money managers. Fortunately, many of these managers have private client divisions with lower minimums, usually ranging from $500,000 to $1,000,000. Below this level, they use "pooled funds" which are unit trusts, like mutual funds, but are only available to clients with a minimum of $150,000 in each pooled fund. There are many smaller investment counselling firms with lower minimums for segregated funds. Banks, trust companies and investment dealers also have investment management divisions which manage money for their firms' clients.

Article by John Carswell

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