Forty percent of advisors surveyed last fall said their clients are investing more in managed accounts than they were five years ago.

Thirty-eight percent of the advisors surveyed said more of their clients were investing in mutual fund wrap accounts than five years ago.

The survey of 100 financial advisors was commissioned by Phoenix Investment Partners of Hartford, Conn. and conducted by Yankelovich Partners.

Thirteen percent of the financial advisors polled said their clients have not changed their investing habits with respect to mutual fund wrap accounts. Eleven percent said fewer of their clients are investing in mutual fund wrap accounts.

While 40 percent said their clients were investing more in managed accounts, 27 percent said their clients' investments in managed accounts had not changed while 12 percent said clients' investments had diminished.

The survey was conducted between Sept. 13 and Oct. 4, 2000. The advisors surveyed managed an average of $81.7 million for mostly affluent investors with more than $100,000 in investable assets.

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