Administration July 8, 2001

Individually Managed Account Assets Rise in Q2

August 7, 2001 (PLANSPONSOR.com) - Assets held in individually managed accounts industry-wide increased 5.5% to $403.1 billion in the second quarter, according to the Money Management Institute (MMI).
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Managed accounts are individual accounts offered by financial consultants utilizing a range of advisory services. They are generally managed by independent money managers using an asset-based fee structure.

MMI’s quarterly assets under management (AUM) figure is based on totals from the firms that hold approximately 70% of the overall market, according to the report, including:

  • Merrill Lynch
  • Morgan Stanley
  • PaineWebber
  • Prudential
  • Salomon Smith Barney

Also included are totals reported by a selection of smaller firms that act as a proxy for the remainder of the managed account industry.

MMI anticipates that the industry will continue to maintain its established 20 percent annualized rate of growth in assets under management.

The MMI was created in 1997 and represents portfolio manager firms and sponsors of investment consulting programs.

– Nevin Adams                      editors@plansponsor.com

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