Managed Account Assets Grew 9.1% in 4Q 2023 – MMI-Cerulli Data
The Q4 2023 edition of MMI-Cerulli Advisory Solutions Quarterly, which provides statistics on the managed accounts industry as of December 31, 2023, is available for download.
Managed account assets grew 9.1% in 4Q 2023, finishing the year at $11.5 trillion. A strong fourth quarter was boosted by robust growth in the financial markets, with the S&P 500 increasing 11.7% quarter-over-quarter. All managed account program types grew more than 8% during the quarter, with unified managed accounts (UMA) and ETF advisory programs posting the strongest growth at 10.3% and10.2%, respectively. Total managed account flows decreased in Q4, but remained strong at $143.8 billion.
How Managed Account Sponsors Ease Concerns About Use of Advisor Discretionary Programs
With many advisors reluctant to delegate portfolio construction, this edition looks at the ways managed account sponsor firms are providing advisors with the necessary tools and resources to become better portfolio managers. For example, managed account sponsors are providing resources to assist with security research and selection as well as risk - budgeting tools. Sponsors also are working with their asset manager partners, whose thought leadership, asset allocation information, and portfolio construction resources can serve as an extension of the sponsors’ efforts.
MMI-Cerulli Advisory Solutions Data Portal
The sponsor and manager dashboards on the MMI-Cerulli Advisory Solutions Data portal on Cerulli’s Lodestar platform have now been updated with Q4 2023 data. As a reminder, MMI members that contribute their advisory solutions data to Cerulli on a quarterly basis have access to this online portal. It allows users to take a deeper dive into the MMI-Cerulli dataset – with the ability to sort, filter and export the data for business planning and presentation purposes.
Please contact:
- mmidata@cerulli.com with questions on the report, access to the online portal, or contributing data
- info@mminst.org for assistance accessing the Advisory Solutions Quarterly report
