Pooled funds
a category that takes in all forms of unitized investments in the Private Investment Counsel (PIC) channel. Included here are traditional pooled funds, as well as special share classes of mutual funds used for high net worth (HNW) investors. The target customers are affluent and HNW individuals and households. Typically, pooled funds require a minimum investment in the $250,000 range, though some firms go as low as $100,000.