NEW YORK - The separately managed account (SMA) industry has been gaining momentum recently, but is about to accelerate to a major growth spurt in the next few years according a number of speakers at The Money Management Institute's 2003 annual meeting here earlier in the month.

SMAs will jump to 12.5 million accounts and balloon up to $2.1 trillion in assets by 2011, said T. Neil Bathon, president of Financial Research Corp. More immediately, FRC is surmising that the industry will swell to 5.3 million accounts and $930 billion in assets by 2006.

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