---
title: "Video: A Guide to SMAs"
description: What SMAs are, their history and how they work.
---

[Blog & News | Smartleaf Inc. ](https://www.smartleaf.com/our-thinking/smartleaf-blog)

# [Video: A Guide to SMAs](https://www.smartleaf.com/our-thinking/smartleaf-blog/video-a-guide-to-smas)

 Written by [Gerard Michael](https://www.smartleaf.com/our-thinking/smartleaf-blog/author/gerard-michael) | August 02, 2018

*The past, present and future of SMAs*

The term “SMA” is commonly bandied about. SMA stands for Separately Managed Account. So far, so good. But what, exactly, does this mean?

We know from experience that the term SMA means different things to different people. Which, of course, causes confusion. To make sense of how the term SMA is used, a bit of history is useful.

*This video was inspired by our blog post, A Guide to SMAs vs. UMAs. *[*To read the full post click here.*](https://www.smartleaf.com/our-thinking/smartleaf-blog/a-guide-to-smas-and-umas)

 

For more on this topic, check out [A Guide to SMAs and UMAs](https://www.smartleaf.com/our-thinking/smartleaf-blog/a-guide-to-smas-and-umas).

[View full post](https://www.smartleaf.com/our-thinking/smartleaf-blog/video-a-guide-to-smas)

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