Define: Managed Account

UK Accounting Glossary

Definition: Managed Account



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Full Definition of Managed Account


A managed account is an investment account that is managed by a third party who has the authority to buy and sell without prior approval from the holder. A managed account is similar to a discretionary account, but the difference is that a discretionary account is typically opened out of convenience for clients who are ill or out of the country; a managed account may be solicited beyond those circumstances. The holder of a managed account may allow the third party controlling the managed account to trade without restrictions; on the other hand, the holder of a managed account may choose to impose some limitations. A managed account is similar to mutual fund accounts, which are also managed on behalf of another person, except that a managed account may be personalized and tailored to the specific needs/goals of the account holder. Whereas a mutual fund account involves the assets of many investors, a managed account belongs to one person. A managed account is sometimes called a controlled account.


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Managed Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/managed-account/ (accessed: April 02, 2020).
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Managed Account. PayrollHeaven.com. Retrieved April 02, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/managed-account/

Definition Sources


Definitions for Managed Account are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 7th February 2020.