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Managed Account Assets Surge Nearly 16% in 2004 To Reach $576.1 Billion

Separately managed accounts witnessed strong growth again in 2004, as assets under management grew by 15.9% to $576.1 billion, the Money Management Institute reported. MMI predicts that number will reach $1.3 trillion by 2008, primarily due to IRA rollovers, which comprised 25% of the industry's $30 billion of net flows in 2003 and are expected to reach 40% by 2008.