Institutional Accounts
As we noted at the beginning of this chapter, institutional accounts are accounts held by:
- • Banks
- • Savings & loan institutions
- • Insurance companies
- • Registered investment companies
- • Registered investment advisers
- • Any individual or business entity with assets in excess of $50 million
Most institutional accounts serve foundations, pension plans, corporations, or local governments. These accounts generally have a fairly limited number of clients and buy and trade in large dollar amounts.
Some institutional accounts serve indi