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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