MMI-Cerulli Q1 2021 Advisory Solutions

MMI and Cerulli Associates announce the release of the Q1 2021 edition of Advisory Solutions Quarterly, which provides statistics on the managed accounts industry as of March 31, 2021. Strong net flows ($202.2 billion) in Q1 2021 drove managed account industry assets to an all-time high of $9.2 trillion, only three months after eclipsing $8 trillion ($8.7 trillion) at year-end 2020. Industry net flows jumped 26.5% from the prior quarter, led by RPM and UMA programs.

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The Model-Resistant World of Fixed Income

This edition also explores why fixed-income managers have been largely unable to enjoy distribution through model-delivered separate accounts. While fixed income is an important asset class in the separate account space, it only represents 4.6% of all model-delivered assets. Less than 5% of model-delivered accounts consist of fixed income because the bond market presents challenges to any asset manager that wants to deliver a model format. However, a limited number of managers are delivering fixed-income model portfolios if a select set of factors exist. Learn more.

MMI-Cerulli Advisory Solutions Data Portal Updated

The MMI-Cerulli Advisory Solutions Data portal on Cerulli’s Lodestar platform has also been updated with Q1 2021 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 feel free to reach out if we can be of any help.

  • Accessing the Advisory Solutions Quarterly report – call (646) 868-8500 or email events@mminst.org
  • Questions on the report, access to the online portal, or contributing data – email mmidata@cerulli.com