Separately managed account assets could skyrocket from the first wave of Baby Boomers, who turn 60 this year.

Also driving the growth, according to Dow Jones, is an effort by broker/dealers to increase their presence in the managed account space, and a growing popularity among investors and advisers for the customization and tax efficiency of fee-based accounts.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.