According to Cerulli’s “U.S. Managed Accounts 2022: The Future of Personalized Portfolios,” assets in managed accounts programs grew nearly 24% in 2021, reaching a high of $10.7 trillion (though that includes retail accounts, there's definitely been interest in the institutional/defined contribution space as well). In this episode Nevin (Adams) & Fred (Reish) take a look at the trends, the issues and the considerations underlying managed accounts.
Certainly, these structures have proliferated in recent years, doubtless driven in no small part by the development/adoption of these solutions by advisory firms, though many advisors continue to see these as little more than “expensive target-date funds.”
Episode Resources:
Are Those in Managed Accounts Different?
READER RADAR: Readers Reveal Mixed Messages on Managed Accounts