Assets under management in separately managed accounts jumped 1.2% in the third quarter, according to figures released Monday by the industrys 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 industrys 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.