I currently have two Managed Money accounts with USAA. The key value proposition of these types of accounts, for me, is that: (1) I can specifiy the amount of risk and corresponding asset allocation I would like to have and (2) the investment account is continuously & actively being managed.
I am currently adding money to each account via automatic transfers and sometimes through a one-time transfer. I noticed that the transferred money is being added as Cash.
I have one question: As the cash amounts increases, when or how often will the USAA account managers invest this cash into the various funds contained in the account?