The separately managed account structure allows optimal flexibility in managing client assets. In our experience, each client (whether an individual or institution) has specific needs, opinions or requirements that make separate management (as opposed to a pooled asset structure, such as a mutual fund) a better solution. Clients have no confusion as to what companies they own and when they were purchased. The portfolio’s dividend or interest payment stream is completely transparent. Management fees and transaction costs are broken down quite clearly.
From a tax standpoint, separate account management affords each client a more tailored approach to investing than would a pooled account structure. Tax status varies for individuals as well as institutions and can have an enormous impact on net returns. OWA has the flexibility and expertise to tailor its investment decisions down to the account level, which inevitably improves long‐term performance.