U.S. Managed Accounts: Balancing Scale with Advisor Discretion
October 3, 2024
In 2024, U.S. managed account assets hit $11 trillion dollars, growing 20% year-on-year. Seeking to capitalize on this growth opportunity, broker/dealers are focused on scaling the advisor experience while improving client outcomes. What are the critical platform and program features they should consider as they embark on the next phase of growth?
Scott Smith shares Cerulli’s views on the top priorities for managed accounts sponsors, the types of programs gaining assets, and the next phase of innovation as the need for customization and tax efficiency assumes greater importance across the advice value chain.
This session uncovers:
• Managed account market sizing by program, vehicle, and asset class
• Industry growth drivers and potential headwinds
• Investor demand for customization and tax efficiency and implications for advisors and sponsors
• Projections for platform consolidation and implementation innovation
Presented by:
Scott Smith
Senior Director
Bio →
Scott Smith
Senior Director
With more than 20 years of financial services industry experience, Scott leads Cerulli’s research efforts focused on investor behavior and advisory relationships. In his time at Cerulli, he has authored more than two dozen in-depth reports on topics ranging from wholesale distribution to digital advice platforms. His research helps Cerulli’s clients understand how to optimize their platforms given the evolving demand for financial advice.
Scott started his career wearing a headset at Putnam Investments’ service center in 1996, before moving to more strategic roles at MFS Investment Management starting in 2000, and then to Cerulli in 2007. In addition, he currently serves as member of the CFP Board’s Digital Advice Working Group, and as a judge for the wealthmanagement.com Industry Awards.
Full biography here.
Access the Recording
Submit your information below to access the webinar.
Related Insights
August 2024
Bridging the Gap: Optimizing Advisor Productivity with Platform Development and Adoption
The relationship between advisors and the technology they use to serve clients is one of the most crucial elements of the wealth management ecosystem. Yet, many financial advisors fail to reap tangible gains. What’s holding them back?
December 2022
The Case for Direct Indexing: Differentiation in a Competitive Marketplace
Demand for customization and differentiation from financial advisors and wealth management firms will lead to a surge in assets for direct indexing, with assets expected to grow at a five-year compound annual growth rate (CAGR) of 12.3% and close 2026 with $825 billion in total assets.
You May Also be Interested in:
- Annual report
- The Cerulli Edge
