BOSTON - If they have not done so already, the largest mutual fund companies must consider entering the managed account business, according to Andrew Guillette, an analyst with Cerulli Associates, a mutual fund consulting firm in Boston.

"I think that any mutual fund company that's a top-30 player needs to be looking very closely at this business," Guillette said. "If a mutual fund company doesn't have an offering there, it just restricts asset growth."

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