Managed structures · Explained
MAM Accounts: One Strategy, Separate Accounts
A Multi-Account Manager replicates one manager’s orders into a set of individual accounts. Nothing is pooled — each account holds its own positions, its own margin and, where the broker allows it, its own risk multiplier. That single difference from PAMM changes what you can see, what you control and how you exit.
Structure
How one decision becomes many orders
One trading decision is taken once, on the manager's account.
The method decides how that one decision becomes an order in each account — by equity proportion, by lot ratio, or by a fixed multiplier. This is the setting that most changes what a follower actually experiences.
- Account A Standard risk
- Account B Reduced multiplier
- Account C Own stop-out level
Each account holds its own positions, its own margin and its own equity. Nothing is pooled, and one account closing does not affect another.
Structure diagram. Account labels are illustrative of the arrangement, not records of any client account.
PAMM or MAM
The differences that actually affect you
The two are routinely described as interchangeable. They are not. Custody, visibility, per-account control and exit all work differently, and the right question is which structure suits your situation rather than which sounds more advanced.
- Where the capital sits
- PAMM Pooled. Your share is recorded as a percentage of one allocation account.
- MAM Separate. Your own account holds its own balance and positions.
- How a trade reaches you
- PAMM It does not. One account trades the pool; you hold a share of the result.
- MAM The master order is replicated into your account at your allocated size.
- Per-account risk control
- PAMM None at your level. Risk is a property of the pool, identical for everyone in it.
- MAM Possible. A multiplier or stop-out can differ account by account.
- What you can see
- PAMM Your share value and the pool's results.
- MAM Every individual position in your own account, as it opens and closes.
- Leaving mid-position
- PAMM Usually restricted to defined allocation periods, at the pool's valuation.
- MAM Generally your own account, so exit is more direct — subject to open trades.
Neither structure reduces market risk. They differ in custody, visibility and control, not in whether a strategy can lose money.
Before you evaluate one
Three things a MAM arrangement does not do
Separate accounts do not reduce market risk
Holding your own positions improves custody and visibility. It changes nothing about whether the strategy is sound. If the master takes a losing position, your account takes it too, at your allocated size, at the same moment.
A lower multiplier is not a lower-risk strategy
Reducing your allocation scales the outcome down in both directions. It does not change the drawdown profile, the trade frequency or the quality of the decisions. A poor strategy at half size is still a poor strategy.
Replication is not instantaneous or identical
Orders reach each account through the allocation engine, and fills can differ — by slippage, by available margin, by rounding to a minimum lot size. Small accounts feel rounding most. Expect your results to track the master closely rather than match it exactly, and ask how the broker handles a partial fill.
Two sides
The obligations run in both directions
What you are responsible for
- Understanding that your share carries the pool's losses as well as its gains
- Reading the strategy's risk policy before the returns, not after
- Checking that any track record shown is independently verifiable
- Deciding an amount you can leave allocated through a drawdown
Rizvante does not present managed-account participation as an available service. The material above explains how these structures work; it is not an offer, an invitation, or advice.
What is expected of you
- A written risk policy that survives contact with a losing month
- A verifiable record covering a meaningful period, not a selected window
- Position sizing and drawdown limits defined before capital is allocated
- Willingness to have the methodology examined rather than the equity curve
Rizvante does not present managed-account participation as an available service. The material above explains how these structures work; it is not an offer, an invitation, or advice.