https://medium.com/@nucleuswea....lth02/separately-man Separately Managed Accounts Australia: Who Are They Suitable For? Quick answer: Separately managed accounts may suit you if you have a larger portfolio and want more control over the securities you own. You may also benefit if you want to manage tax outcomes more actively or adjust individual holdings yourself. Nucleus Wealth gives you access to SMAs. See the individual securities in your portfolio and adjust your exposure more precisely.