Describe how online brokerage accounts differ from managed brokerage accounts.

Question: Describe how online brokerage accounts differ from managed brokerage accounts.

Online brokerage accounts and managed brokerage accounts serve different needs for investors. Online brokerage accounts offer a platform for investors to buy and sell securities themselves without the direct aid of a broker, providing more control and lower fees. They are suitable for those who prefer a hands-on approach to investing and have the time and knowledge to make informed decisions. Managed brokerage accounts, on the other hand, are overseen by professional money managers who make investment decisions on behalf of the account holder. This type of account is ideal for investors who prefer to delegate the research, decision-making, and ongoing monitoring of their investments to experts. Managed accounts typically come with higher fees but offer personalized investment strategies and ongoing portfolio management.

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