In 2018, managed accounts had some $6 trillion in assets, but a Cerulli survey of sponsors of platforms brought to light some good news and bad news for advisors on what to expect in the coming year.
Although growth in assets from 2018 to 2019 was only 1.1%, since 2008 — when the amount in managed accounts was $1.4 trillion — it has been a straight growth trajectory. There were large jumps in assets of 13% between 2016 and 2017, and close to 27% from 2017 to 2018.
That said, net flows dropped to $475.3 billion in 2018 from a record $604.5 billion in 2017. The Cerulli report notes that “volatility and a decline in capital markets in 4Q 2018 also served to curtail year-over-year growth.”