SEPARATELY MANAGED ACCOUNTS Separately managed accounts (SMAs) are professionally managed portfolios of individual securities that can be tailored to investors' needs. According to the Money Management Institute, SMA assets under management increased 31 percent in 2006 to $889 billion.
SEPARATELY MANAGED ACCOUNTS INDUSTRY ASSETS UNDER MANAGEMENT, 2002-2006 ($ billions)
(1) Includes assets for previously unreported programs. Data for 2006 therefore are not strictly comparable to earlier data.
Source: Money Management Institute, Dover Financial Research.
