Investing Ideas

Custom separately managed accounts

Four key use cases where custom SMAs may offer clear benefits

By: Fidelity Investments

Updated: 3/3/2026

Key Takeaways

Custom SMAs can be tailored to personal investment goals, adjusting their holdings to suit a variety of investment styles and preferences while remaining focused on tax planning and tax management.
Tax losses can be harvested on an ongoing basis with custom SMAs.
Use cases include diversifying concentrated portfolios and preparing for future tax events.

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Custom Separately Managed Accounts

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