Managed accounts vs. brokerage accounts

If you’re seeking professional portfolio management where you pay a single asset-based fee, consider a managed account. If you prefer to work with an advisor on a per-transaction fee basis, a brokerage account may be a better fit.

Managed accounts

Investing can be complicated. Market uncertainty, shifting investment landscapes and complex financial options can be a lot to manage on your own. Our financial advisors have the expertise to manage day-to-day investment decision-making and offer ongoing investment advice.

  • Work with a financial advisor to develop your investment strategy.  
  • Hold either your entire portfolio or portions of it within a broad range of accounts.
  • We meet with you regularly to review your investments and adjust as necessary.

Managed accounts should not be considered as a recommendation for your portfolio without a formal review of your individual financial needs and situation by a financial advisor. With any investment, there’s the possibility that assets will depreciate.

Managed account investment strategies

Brokerage services

With a brokerage account, we provide guidance based on your short- and long-term goals and risk tolerance, and help you invest in listed securities in all major U.S. markets.

  • Choose from a wide range of investments on a commission-based fee structure.
  • Enjoy personal guidance from your financial advisor.
  • Place trades and access real-time market data through online investing.
  • No minimum investment required.

Our brokerage options

Meet with a financial advisor.

Ready to invest? We’re ready too. A UnionBanc Investment Services Financial Advisor can help you design a plan to support your unique goals.


Start of disclosure content

Investment and insurance products and services including annuities are:
Not a deposit ● Not FDIC insured ● May lose value ● Not bank guaranteed ● Not insured by any federal government agency.

Please refer to our Terms and Disclosures.

Brokerage and investment advisory services offered by UnionBanc Investment Services LLC, an SEC-registered broker-dealer, investment advisor, member FINRA / SIPC and subsidiary of U.S. Bancorp.

Insurance services offered by UnionBanc Insurance Services, having a California domicile and principal place of business at 1201 Camino Del Mar, Suite 208, Del Mar, CA 92014. California State Insurance License No. 0817733. Insurance and annuities are products of the insurance carriers. Insurance products are not available in all states.

The Financial Industry Regulatory Authority (FINRA) Rule 2267 provides for BrokerCheck to allow investors to learn about the professional background, business practices, and conduct of FINRA member firms or their brokers. To request such information, contact FINRA toll-free at 1-800‐289‐9999 or via An investor brochure describing BrokerCheck is also available through FINRA.