The major advantage of Separately Managed Accounts (SMA)is control and the direct owner may be able to specify investment restrictions.

Name: The major advantage of Separately Managed Accounts (SMA)is control and the direct owner may be able to specify investment restrictions.
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Separately Managed Accounts allow for greater control and flexibility in investment decisions, and the owner can specify investment restrictions based on their individual goals and preferences.

The Major Advantage of Separately Managed Accounts (SMA)is Control and the Direct