A unique advantage provided by Separately Managed Accounts is access to managers who may have anywhere from $1 million to $5 million minimums if you were to go to them directly. With our platform, we are able to diversify between several managers at levels far below their traditional minimums, whereby we are able to construct broadly diversified portfolios with several premier managers with total balances of as little as $1 million. Also, because our managers typically will hold anywhere from 30 to 50 stocks, we are able to obtain the manager’s strongest convictions, and thereby hopefully generate a stronger performance over time when compared with mutual funds or indexes.