DENVER - Hundreds of fund executives converged here for Schwab's IMPACT 2000 conference, laden with sales brochures and every imaginable trinket and each intent on expanding his network of financial advisors. Despite their appeal though, the funds' performance-touting brochures and plastic baubles could not wrest advisors' attentions away from separately-managed accounts.

Increasingly, financial advisors are passing up mutual funds for products they can customize for their clients, like separate accounts, said Paige Johnson Roth, president of Pine Haven Investment Counsel of Portland, Ore., a financial advisory firm.

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