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Rating:SMA Accounts to Grow Six-fold by 2011 Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 31, 2003

SMA Accounts to Grow Six-fold by 2011

by: Ki Kim

The separately managed account (SMA) industry will grow to 12.5 million accounts for $2.1 trillion in assets by 2011, according to a new forecast released this afternoon at the 2003 Annual Meeting of The Money Management Institute (MMI), the national organization for the SMA industry.

The MMI and Financial Research Corporation (FRC) also project that the SMA industry, which totaled approximately 2.04 million accounts and $398 billion in assets at year-end 2002, will grow to 5.3 million accounts and $930 billion in assets by 2006. The forecast was presented at the meeting by T. Neil Bathon, president of FRC.

MMI and FRC developed the projection through analysis of account trend information provided by the MMI membership.

"Projected growth in total SMA industry accounts offers an unmistakable measure of likely, continuing investor demand for this investment approach," said Christopher L. Davis, executive director of the MMI. "Our asset base has proven remarkably steady even in the midst of extreme market turmoil, further indicating that our investors have embraced the SMA concept as an optimal long term investment management approach."

The MMI/FRC study indicates that SMA industry year-over-year net sales of SMAs increased by 181 percent in 2002, totaling about $50 billion compared with some $18 billion in 2001. 

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