asset management account

Definition

A single account at a brokerage or bank which includes both banking and brokerage services. Most asset management accounts allow checking, a debit or credit card, automatic transfer of excess funds into a money management account, and margin loans. also called central assets account.

Use this term in a sentence

The asset management account was a ll set up and it was ready to go and be used by the person who started it.

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You should try to always follow your asset management account and make sure that things are going well with it.

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Cindy had an asset management account that allowed her to managing her money in various markets and products so that a good return was very likely.

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