Washington, D.C.-based Money Management Institute today released the early edition of MMI CENTRAL Q2 2012, a statistical overview of data and trends for the managed account solutions industry for Q1 2012.
In Q1, MMI found that advisory solution assets grew to $2.5 trillion – an increase of 9%, or $212 billion, nearly double the increase during the fourth quarter of 2011. And for the second successive quarter, Unified Managed Account Advisory, which grew quarter over quarter 21% to $179 billion, recorded the largest increase of any segment, albeit over a still relatively small base.
MMI also found that Morgan Stanley Smith Barney retained its position as the leading managed solutions sponsor with assets of $507 billion, followed by Bank of America Merrill Lynch, Wells Fargo, UBS and Charles Schwab.
Meanwhile, BlackRock Investment Management was the leading manager of SMA assets plus Model Portfolio assets with $54 billion under management. Nuveen Investments, Legg Mason, PIMCO and Neuberger Berman rounded out the top five.
