Managed Money
A means of investment where the investor, rather than buying and selling their own securities, places their investment funds in the hands of a qualified investment professional for a predetermined annual fee.
Investopedia Commentary
Mutual funds are a good example of managed money investors simply put their money into the fund, which deducts a specified percentage from the funds on a periodic basis for the service of researching prospective investments and maintaining the fund's portfolio. Essentially, investors with managed money believe they can earn higher returns by employing someone else to professionally handle their investments.
Related Links
Introduction To Mutual Fund Wraps
Wrap It Up: The Vocabulary and Benefits of Managed Money
Separately Managed Accounts: A Boon For All
The Rise Of The Fee-Only Financial Advisor
See also: Assets Under Management - AUM, Investment Advisor, Money Manager, Portfolio Management, Separate Account, Wrap Account