Citigroup Asset Management says that Separately Managed Accounts (SMAs) are poised for a growth spurt, despite the fact that only one of five investors currently takes advantage of their benefits, which includes tax optimization and account customization.

SMAs are a fast-growing financial product because the professionally managed portfolios of individual securities can be fixed to meet specific investment needs. SMA assets totaled $620 billion during the second quarter of 2005, which is a 40% increase since the same time in 2003, said the Money Management Institute.

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