Understanding Professionally Managed Assets
For as long as individuals have invested, they have sought out the services of someone more experienced than themselves in the buying and selling of assets. In other words, they have turned to the services of a “professional.”
Historically, the term professional has referred to an individual who is self-employed, is highly educated, and complies with an explicit ethical code of conduct. Among those individuals typically thought of as professionals are physicians, attorneys, accountants, and engineers. Indeed, the IRS classifies those involved in the health, accounting, legal, and engineering professions ...
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