Multi-Discipline Account

A type of investment account that allowsaccessby several specializedinvestment managers within one main account. The accountis split into several sub-accounts that are separatelyrun by managerswithrelevant expertise.The multi-discipline account providesinvestors with an efficient wayto get professional investment management and assetpersification. It is also referred to as a "multi-style" and "multi-strategy account".

These type of investment accounts were created as an alternative to separately managed accountsthat have only one type of management expertise and make it more difficult to persify. Generally the minimum amount needed to invest in a separately managed account is around $100,000 while the minimum for a multi-discipline account is $150,000. So, with the separately managed account, if an investor wanted to splitassets into 60% equity and 40% fixed income,he or shewould need to open two separately managed accounts and would need at minimum $200,000. With the multi-discipline account, however,the investorneeds only to open the one account,requiring only a total of $150,000, and separate the assets into two sub-accounts.