Separately managed accounts are poised to continue their growth spurt in 2005, as assets are projected to rise to $718 billion by the end of the year, according to industry trade association Money Management Institute. With assets at $535 billion as of early November 2004, that would mark a 34% increase in assets in the coming year.

Net sales improved to $59 billion during 2004, nearly double from $31 billion in 2003. The MMI is projecting sales for 2005 to eclipse $81 billion, representing a 37% year-over-year increase in sales.

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