NEW YORK Separately managed accounts are expected to grow to 12.5 million accounts, ballooning up to $2.1 trillion in assets by 2011, said T. Neil Bathon, president of
FRC projects that the SMA industry totaled 2.04 million accounts, and $398 billion in assets as of the end of 2002.
The figures, which are part of a study conducted by FRC in conjunction with MMI, indicate that SMA industry year-over-year net sales increased by 181% in 2002, totaling about $50 billion.
"Projected growth in total SMA industry accounts offers an unmistakable measure of likely, continuing investor demand for this investment approach," Christopher L. Davis, executive director of the MMI, said in a statement.
