Podcast Center
Video Center
Webcasts
Resource Center
Events
October 01, 2010 at 04:00 AM
The four wirehouses continue to dominate the list of sponsors of separately managed accounts for the second quarter of this year, according to a research report just issued by the Money Management Institute and Dover Financial Research.
The report lists the top five SMA sponsors as Morgan Stanley Smith Barney, BofA-Merrill Lynch, Wells Fargo, UBS and Charles Schwab.
Morgan Stanley Smith Barney contributed $173.6 billion of the total SMA advisory assets of nearly $500 billion in the second quarter of 2010, while Merrill contributed $146.3 billion.
Overall, the four wirehouse broker-dealers have about $1.1 trillion in managed solutions, or MS, assets — which are investment solutions delivered via a platform or through other advisor programs, according to MMI and DFR. This is up from $885 billion a year ago.
And while the wirehouse assets represent 60 percent of all assets in managed solutions nationwide, this figure is down from 64 percent of all assets a year ago.
