It was up and down at the annual conference of the Money Management Institute, the Washington-based managed account organization. The conference highlight was the release of current and projected data for separately managed account assets. At the end of 2001, there were $415 million in managed accounts, and 2002 may see assets hit half a billion. Nor is this just the same high-net-worth individual pouring in more cash: The number of accounts in 2001 -- 1.68 million -- is also expected to rise this year to more than 2 million. And in a sign these vehicles are becoming more popular for modest clients, average account size, now at $247,000, is expected to decrease to $244,435.
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