Is there a benefit to putting my money into a SMA? I know there’s a tax value to having these be actively managed, but outside of that, is it worth the usually higher fees vs just sticking my money into an index?

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What is an SMA? I looked it up but get no relevant hits.

special memorandum account

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This is new to me too. What’s the tax advantage?

They can be, ton of SMAs out there

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