NU Online News Service, Sept. 18, 1:16 p.m. – Manulife USA, Boston, a unit of Manulife Financial Corp., Toronto, is entering the managed account business.
A managed account is the modern version of what used to be known as a large, diversified individual investment portfolio.
The new Manulife Private Account program will require a minimum investment of $100,000. The typical client will probably be a wealthy investor who wants personalized service combined with efforts to maximize returns and minimize taxes, Manulife says.
