It is possible to store a static password in Safeguard without managing it. Simply ensure that all of the management related settings are disabled.
- The Change Profile and Check Profile schedule should both be set to "Never".
- If the Check is enabled, it may still perform a mismatch reset, even if the scheduled change is disabled.
- Uncheck the box for "Change Password after check in" on the Access Config tab of the Access Request Policy.
Another possible option would be to set the Change Profile to "Change Password Manually" to avoid any automatic processes this way. However, disabling the options as described above may be preferable.
It would be advisable to have separate entitlements, policies and profiles for your Non-Managed Assets and Accounts, so that there is no inheritance or conflict from other Managed Assets.