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 Financial Research Corp., speaking at the 2003 annual meeting of The Money Management Institute last Monday.

FRC projects that the SMA industry totaled 2.04 million accounts, and $398 billion in assets as of the end of 2002.

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