Separately Managed Accounts: How They Work, Pros and Cons

Investor can replace the manager if unhappy with performance. There are several parties involved in a separately managed account. Tina Orem is an editor and content strategist at NerdWallet. Prior to becoming an editor and content strategist, she covered small business and taxes at NerdWallet. She has a degree in finance, as well as a master’s degree in journalism and an MBA. Previously, she was a financial analyst and director of finance at public and private companies.

It can take two to five days for data use to post in myAT&T, so amounts shown online may not reflect all usage since your last bill. Money is pooled with money from other investors; investor owns a share of the pool. SMAs may have several different types of fees, so be sure you understand the manager’s fee schedule and what your combined total fees would be.

How to download the myAT&T app

Multiple lawsuits were filed in state and federal courts across the country after both incidents, which were ultimately consolidated into two class-action cases. Of course, in order to access your myAT&T information, you will have to set up your account first. If you already have a login, simply sign in on the app with your ID and password. If you don’t have one yet, you can create one on the myAT&T website or through the app.

Wireless accounts

• Mary Flory leads NerdWallet’s growing team of assigning editors at large.
• It can take two to five days for data use to post in myAT&T, so amounts shown online may not reflect all usage since your last bill.
• Millions of AT&T customers can now file claims in a $177 million legal settlement related to two data breaches, which could provide up to $7,500 in compensation per person.
• The investor then gives the asset manager detailed instructions about what asset classes and companies to avoid, as well as information about financial goals and risk tolerance.
• NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances.

Tina’s work has appeared in a variety of local and national media outlets. We believe everyone should be able to make financial decisions with confidence. Those who were part of the second breach announced in July of last year are eligible for up to $2,500 “for losses that occurred on or after April 14, 2024,” the settlement administration said. People whose data was exposed in the breach announced in March 2024 are eligible for up to $5,000 and can make claims for “payment for losses that occurred in 2019, or later,” according to the settlement website.

How much do separately managed accounts cost?

• Standalone tablets and hotspots on an AT&T data-only plan, as well as Wireless Home Phones, can also use Wireless Account Lock.
• District Court for the Northern District of Texas will hold a final approval hearing on Dec. 3, 2025.
• The fee structure may vary by type of portfolio type, too (i.e., equities versus fixed income or bond ladders).

Mary Flory leads NerdWallet’s growing team of assigning editors at large. Before joining NerdWallet’s content team, she had spent more than 12 years developing content strategies, managing newsrooms and mentoring writers and editors. Her previous experience includes being an executive editor at the American Marketing Association and an editor at news and feature syndicate Content That Works. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Here is a list of our partners and here’s how we make money. Get your email anywhere you have internet access with currently.com.

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While a mobile app can’t make your busy life calm, it can save you a few moments by helping you manage your AT&T account on your own terms. To see some of the other helpful apps available from AT&T, visit the official apps and services website. Performance evaluated against the investor’s personal goal. Investor cannot replace the manager if unhappy with performance.

How do I file a claim with AT&T settlement?

For example, an investor might put $100,000 in a separately managed account with a professional asset manager. The investor then gives the asset manager detailed instructions about what asset classes and companies to avoid, as well as information about financial goals and risk tolerance. The asset manager assembles a portfolio of stocks, bonds or other assets that fit those parameters; the asset manager then monitors and alters the investments over time in an effort to accomplish the investor’s goals. The manager engages with the platform manager in order to execute the trades and record-keeping. A separately managed account is an account that an investor owns but pays a financial advisor to manage.

“It also takes time for all of the claim forms to be processed. Please be patient,” the settlement claim site states. Those impacted by the March 2024 incident can claim up to $5,000 by providing materials for the documented loss cash payment option. The claim can also be filed online, or be mailed and received or postmarked by the deadline date. Information on the lawsuit was revealed this week, with the telecommunications giant agreeing to pay a total of $177 million to affected users. Here’s how you can use the app to manage your AT&T account from your phone.

From there, you’ll just need to choose an ID and a password before confirming your account. That’s one of the nice things about the myAT&T app. It helps you manage your AT&T account no matter where you are—whether you’re waiting for the doctor, relaxing on the couch or taking your lunch break. You can at account receive up to $7,500 if you were affected by both incidents. The deadline to file a claim is Tuesday, Nov. 18, 2025.

When is the deadline to file a claim in the AT&T settlement?

Learn how to change who can access your accounts online. Be sure to use your home phone or internet username and password. This probably isn’t the same info you used to check your AT&T email.Have AT&T service?

If the court approves the settlement at the Dec. 3 hearing, there could be appeals after that, which would take time to resolve. As stated on the settlement website, if you file a claim, you give up your right to sue AT&T. You’ll need to provide either your AT&T phone number or your account number, along with a billing zip code.

Manage your AT&T account online with either primary or secondary online access. It’s easy to manage your account, change your prepaid plan, view your data usage, and more using myAT&T online. Sometimes, though, your usage info may be unavailable or delayed.