  A stochastic approach for the description of the time evolution of the
magnetization of nanomagnets is proposed, that interpolates between the
Landau-Lifshitz-Gilbert and the Landau-Lifshitz-Bloch approximations, by
varying the strength of the noise. Its finite autocorrelation time, i.e. when
it may be described as colored, rather than white, is, also, taken into account
and the consequences, on the scale of the response of the magnetization are
investigated. It is shown that the hierarchy for the moments of the
magnetization can be closed, by introducing a suitable truncation scheme, whose
validity is tested by direct numerical solution of the moment equations and
compared to the averages obtained from a numerical solution of the
corresponding colored stochastic Langevin equation. This comparison is
performed on magnetic systems subject to both an external uniform magnetic
field and an internal one-site uniaxial anisotropy.
