Assets under management in separately managed accounts jumped 1.2% in the third quarter, according to figures released Monday by the industry’s top lobbyist association.

The third quarter report by the Money Management Institute also estimated that assets in SMAs have grown 7.2% to $535 billion since the start of the year. And as assets in SMAs have grown, so has interest in them. Attendance at the industry’s annual Solutions Conference, held last week in New York, was up 13% according to MMI, even after a record-breaking turnout in 2003. A September bank conference held by MMI in Dallas received a record turnout as well.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.