Assets in separately managed accounts totaled $417.1 billion at the end of the second quarter, the Money Management Institute reported today. That marks a 3.5% increase from assets of $403.1 billion in the second quarter of 2001, a 1% increase from assets of $413.3 billion in the first quarter of this year and a 4.3% increase from assets of $399.7 billion at the end of 2001, according to the Money Management Institute.

Christopher Davis, executive director of the Money Management Institute, called the increase, albeit small, "noteworthy," given the "extreme market volatility the markets have been [experiencing] all year long."

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