Assets held in individually-managed accounts have increased by more than one-third so far this year, according to a survey of money managers and managed-account sponsors that the Money Management Institute of Washington released last week.

The top five firms that offer managed accounts - Merrill Lynch, Morgan Stanley Dean Witter, PaineWebber and Salomon Smith Barney, all of New York, and Prudential of Newark, N.J. - had a 63 percent share of the overall market at the end of 1999, according to the institute.

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