MMI and Cerulli Associates announce the release of the Q4 2021 edition of Advisory Solutions Quarterly, which provides statistics on the managed accounts industry as of December 31, 2021. On the back of a roaring equity market, managed account assets closed out 2021 at an all-time high of $10.7 trillion. Industry assets grew 5.9% during Q4 compared to growth of 2.4% in Q3, although flows were more muted at $177 billion compared to $213 billion in Q3. Rep-as-portfolio manager and unified managed account programs led the way in net new flows, gathering $47.1 billion and $45.6 billion, respectively.
Friday, April 8, 2022