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.

o Wirehouses remain the dominant distributors of SMAs, controlling 78.4% of the industry’s assets. Banks had the second-highest share, at 8.1%.

Managed accounts are individual investment accounts offered by financial consultants who provide advisory services. They are managed by independent money managers using an asset-based fee structure.

The figures were compiled by Financial Research Corporation and Dover Financial Research. The data is based on totals reported by investment managers and sponsor firms representing more than 90% of the industry, according to MMI, Washington.