An asset management account combines deposit accounts with a brokerage account and provides a single account statement.

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An asset management account is designed to offer the convenience of a combined service, where both deposit accounts (like checking or savings accounts) and a brokerage account (for trading stocks, bonds, etc.) are integrated into one, with the benefit of receiving a single consolidated account statement. This makes managing finances and investments more streamlined for the account holder.

An Asset Management Account Combines Deposit Accounts with a Brokerage