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It could be that Zuckerberg managed accounting to come out at this round, even number, a sign to investors that the company has everything completely under control.
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CAROL PEPPER: But I personally believe that there are some great managers and separately managed accounts.
The Wealth Management segment offers and manages a variety of wealth management products that include managed account programs together with advisor support and financial planning services.
Other options include living trusts and managed accounts, which may also involve professional money managers.
BUT for Mr. Hoelzen, easy tax management is one of the best benefits of his managed accounts.
This segment also provides investment account processing services for separately managed accounts, card and print personalization services, and fraud and risk management products and services.
"They want a managed account," he said, or will want to invest in a hedge fund.
Not that you have to be a millionaire to qualify for a managed account.
Mr. Goldfarb and Mr. Poppe's firm owns Goldman shares for both the Sequoia Fund and separately managed accounts.
But the company is introducing more stock mutual funds and managed accounts, he said, and is a good acquisition target.
Investors were told in an October 2000 letter that "all managed accounts are held and administered by our designated financial institution".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com