Assets in managed accounts are exploding, according to Cerulli Associates.
Its latest U.S. Managed Accounts report shows that assets rebounded 41.6% in the first quarter from a year ago to a record $9.2 trillion as industry flows totaled over $202 billion, the highest level in four years. Cerulli Associates projects managed account assets could hit $10.9 trillion next year.
Assets in separately managed accounts, a subcategory of managed accounts, grew 34% in the first quarter of 2021 compared with the year-ago quarter and almost 43% in the two years ended March 31, 2021, to $1.48 trillion, according to Cerulli. Net cash flows between the second quarter of 2020 and the first quarter of 2021 into SMAs were $24.2 billion.
With separately managed accounts, investors own individual securities rather than mutual funds or ETFs, which provides more flexibility for investment and tax purposes.
