Managed accounts are one of the largest growing types of accounts in the industry. Accounts that meet certain minimum account values can be placed in a managed account where either the rep or a 3rd party manages the funds to fit the suitability of the client while trying to get the most return that the client is comfortable with. Periodic fees are associated with these accounts. For more information, please contact Levi to look into the many managed opportunities that Levi and LPL offer.