Without question, the separately managed account industry is undergoing an evolution, led in large part by the industry's own initiatives to move toward the standardization of operating technology. But where are we right now, and what challenges lie ahead on that evolutionary track?

Stephen J. DeAngelis, senior vice president and managing director of PFPC Managed Account Services of Wilmington, Del., recently spoke with Money Management Executive Editor-at-Large Lori Pizzani about how technology is impacting the SMA industry.

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