Direct ownership
You own the assets in your account. Holdings and transactions are visible through the custodian, with statements delivered directly to you.
An Individual Approach
A portfolio relationship built around you.
A separately managed account, or SMA, is a portfolio managed for a specific client within an account held in that client’s name. The investment mandate sets the objectives, risk parameters, and agreed restrictions that guide portfolio decisions.
A defined investment mandate
Your objectives, investment horizon, liquidity needs, and agreed restrictions establish the framework for portfolio construction and ongoing review.
Disciplined active management
Watson Capital’s approach combines fundamental research, quantitative evidence, and risk assessment across U.S. equities and ETFs.
The Relationship
From first conversation to portfolio oversight.
Discuss your objectives
Share your investment priorities, intended allocation, account structure, and state of residence.
Define the mandate
Review the proposed approach, portfolio parameters, service terms, and fee schedule before entering an agreement.
Establish the account
Following approval, complete the advisory agreement and custodian account arrangements, including documented trading authority.
Manage and review
Portfolio decisions and ongoing reviews follow the agreed mandate, supported by direct custodian reporting.
State Coverage
SMA inquiry markets.
We welcome SMA inquiries from residents of the following states. Connect with our team to discuss your account and investment objectives.
- Alabama
- California
- Florida
- Georgia
- Kentucky
- Maryland
- Montana
- New Jersey
- New York
- North Carolina
- Pennsylvania
- South Carolina
- Texas
- Washington
- Wisconsin
Each relationship begins with a review of residence, account structure, and available client capacity. Advisory services begin after jurisdiction and account approval and completion of the required agreements.
Confidential Inquiries
Start a conversation about your portfolio.
Tell us what you want your capital to accomplish. Our team will review your inquiry and discuss the next steps directly with you.
Investment ManagementWatson Capital Management LLC
New York14 Wall Street
New York, NY 10005
New York, NY 10005
Understanding SMAs
Common questions.
How does an SMA differ from investing in a fund?
An SMA holds cash and securities in an account titled to the client and follows an individual mandate. A fund pools investor capital within a separate investment vehicle. This page is dedicated to SMA inquiries.
Who holds the assets?
The client’s assets remain in the client’s brokerage account with the custodian. The advisory agreement and account authorizations define Watson Capital’s investment-management authority. Clients retain their own account access and receive custodian statements directly.
Can an existing account be considered?
Yes. Include the account type and relevant portfolio considerations in your inquiry. Account compatibility, transfer arrangements, and any custodian requirements are reviewed during onboarding.
How are fees and investment parameters established?
The proposed fee schedule, investment objectives, risk parameters, and agreed restrictions are reviewed with you and set out in the investment-management agreement before services begin.
What happens after I submit an inquiry?
Our team reviews your residence, proposed allocation, account structure, and objectives, then contacts you to discuss the relationship and next steps. An inquiry does not open an account or authorize trading.