Investors seeking a personal investment touch helped inflate the assets of separately managed accounts to $528.7 billion at the end of the second quarter, a 19.4% increase from the same period last year and a 6.3% jump during the first six months of 2004.

The Money Management Institute, the trade group for the separate account industry projects SMA net sales will reach $59 billion by year-end, which amounts to a 90% increase over $39 billion in net sales from 2003. MMI also forecasted that SMA sales would reach $80 billion in 2005.

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