Some married couples have decided to draw a red line through their financial houses.  They are splitting their portfolios, opening separate accounts and investing separately. Often these spouses just want to pursue different goals—one may have a more conservative style of investing and the other may have a more aggressive approach.

Since the crash, the number of couples who split their finances has grown almost 20 percent.  But there are pitfalls to investing separately.  The biggest one is higher fees—and there are others.