U.S. Managed Accounts
Gain a complete understanding of the U.S. fee-based advisory industry, which includes sponsors (broker/dealer firms) that offer managed account programs and the asset managers that distribute them through their platforms.
The Managed Accounts practice—which analyzes 98% of managed accounts industry assets—is Cerulli’s longest-running practice with more than 20 years of historical data. It focuses on the U.S. fee-based advisory industry, with an emphasis on sponsors (broker/dealer firms) that offer managed account programs and the asset managers that distribute them through their platforms. Coverage includes the six types of managed account programs: separate account, mutual fund advisory, rep-as-portfolio-manager, rep-as-advisor, exchange-traded fund (ETF) advisory, and unified managed account (UMA) programs.
- Annual report
- Cerulli Edge
- Cerulli Lodestar
Meet the Team
Powering insights that inform strategic business decisions, this team is devoted to understanding and analyzing changes in asset flows, uncovering technology shifts, and advising clients on product and business opportunities.
Tom O'Shea, CFA
Tom has over 20 years of experience in the financial services industry. Prior to joining Cerulli, Tom was an Investment Product Manager at Fidelity’s Global Asset Allocation Division, where he played a leadership role in the ongoing development of Fidelity Personalized Portfolios, Fidelity’s Unified Managed Account (UMA) for retail customers. He also led the investment managers in creating the Breckenridge Municipal Portfolio, Fidelity’s first separate account for consumers managed by a third party. Before working on the retail side of Fidelity, Tom built and led the team that developed Fidelity’s Separate Account Network for registered investment advisors (RIAs), and his group partnered with a third party wrap sponsor to create Managed Account Resources, a UMA platform for RIAs.
Tom began his career in high tech, working in sales, business development, and product management at a number of software firms, including Lotus Development Corporation.
Fill Biography here.
As an analyst on the Managed Accounts team, Bryan oversees the asset manager database. He also provides survey support for the Product Development and Institutional teams at Cerulli.
Prior to joining Cerulli Associates, Bryan worked as a Data Analyst at Definitive Healthcare, where he completed a diligence project on the company database consisting of over 20,000 firms.
Full biography here.
Jacqueline is a member of the Managed Accounts practice, where she leads in collecting and analyzing Managed Accounts sponsor data for the annual Cerulli Report—U.S. Managed Accounts and the quarterly Cerulli Edge—Managed Accounts Edition. She also contributes to maintaining Cerulli’s proprietary survey process for all teams across the company.
Full biography here.
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