Report the underlying assets of a managed account in Part 6.

 or

For You, Your Spouse, and Your Dependent Children

Part 6

Report each underlying asset of a managed account that individually was worth more than $1,000 at the end of the reporting period or from which more than $200 in income was received during the reporting period.  Although this information is not required, it is helpful if you also provide the name of the managed account.

This guide contains specific instructions for common types of assets held within a managed account (e.g., mutual funds, exchange-traded funds, stocks, and corporate bonds).

A Managed Account Is Not an “Excepted Investment Fund”

Note that your managed account is not an “excepted investment fund.”  Even if you selected an established portfolio of investment choices when you established your managed account, the managed account is not an “excepted investment fund.”  In fact, the managed account is not an investment fund at all.  You have not “pooled” your money with other investors.  Although the account manager may have offered you the option of selecting a predetermined “portfolio” of assets, you own each of these assets individually and directly in your own name.  For this reason, as well as other reasons, disclose each asset as a separate line item in your financial disclosure report.

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