Assets under management in separately managed accounts grew to $805.8 billion in the third quarter, up almost 25% over third quarter 2005, according to the Money Management Institute.
Among other findings:
The estimated number of industry accounts totaled 2.52 million, an increase of 18% over the 2.13 million accounts estimated in 3Q05.
o International-global products’ share of the SMA market continued to rise from 19% a year ago to 25% as of 3Q06, while domestic equity products dropped from 61% to 57% of the market.