Unified managed account (UMA) programs have doubled their marketshare since 2008, according to new research from Cerulli Associates.

The Boston-based analytics firm has published a new report, "Managed Accounts 2013: Moving Toward a Single-Platform Environment," which finds that established UMA programs are seeing major growth spurts, and that new entrants to the space are also blossoming, helping to boost the category. A senior analyst at Cerulli, Patrick Newcomb, notes: “UMA assets grew from 3.8% of total UMA assets in 2008 to 7.7% in 2012.”

The managed accounts industry as a whole is cruising toward $5 trillion, with UMAs expected to reach $549 billion in total assets by 2016.

The annual report, which is in its eleventh year, explores how the managed accounts industry reached nearly $2.8 trillion in 2012, and contains insights from Cerulli analysts who project that the market will exceed $5 trillion in AUM by the end of 2016. The research is available for download here.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE