Assets in managed accounts, which include separately managed accounts and also mutual fund advisory programs, representatives as portfolio managers, exchange-traded funds and other instruments that are sold through programs or platforms, reached $1.503 trillion in the third quarter, up 19.6% from $1.256 at the end of the fourth quarter of 2006, the Money Management Institute reports.

Broken out separately, separately managed accounts reached $808 billion in assets at the end of the third quarter, up 13.9% from $709 billion at the end of the fourth quarter of 2006. The large-cap growth domestic equity strategy grew 13.6% in the third quarter, adding $14 billion in assets, but the two largest SMA strategies remain municipal and multiple discipline products.

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