Total managed solutions assets ended the second quarter at $2.5 trillion, a decline of $600 million or less than 0.1% from the first quarter, according to data from the Money Management Institute.
The MMI CENTRAL 3Q 2012 also revealed that total managed solutions net inflows for Q2 were $42 billion - a decrease of $10 billion from $52 billion in 1Q. The only managed solutions segments to see an uptick in net inflows were separately managed accounts and mutual fund advisory, which both saw nominal increases to $6 billion and $11 billion, respectively. On a year-to-date basis, net inflows for the overall managed solutions industry stand at $94 billion as compared to $210 billion for all of 2011. Year over year, second quarter net inflows for the managed solutions market declined $18 billion from $60 billion in the second quarter of last year.
According to MMI, the rankings for leading managed solutions sponsors remained the same quarter to quarter with Morgan Stanley Smith Barney on top with assets of $504 billion, followed by Bank of America Merrill Lynch, Wells Fargo, UBS Financial and Charles Schwab.
BlackRock Financial Management considerably strengthened its position as the leading manager of traditional SMA assets plus Model Portfolio assets with $56 billion under management, about $14 billion ahead of second place Nuveen Investments. Legg Mason, PIMCO and Eaton Vance rounded out the top five with Eaton Vance moving into the fifth spot ahead of Neuberger Berman.