Managed Account Programs:
The Explosive Growth in Rep as Portfolio Manager & Rep as Advisor Programs

Recently Released!!!
Date Published: April 9, 2015
Summary Power Point Deck: 62 Slides
Reference Power Point Deck: 1,331 Slides

The purpose of this research is to provide readers with a comprehensive understanding of the managed account programs market, including separately managed account programs, mutual fund wrap account programs, ETF wrap account programs, & unified managed account programs, as well as rep as portfolio manager and rep as advisor programs. No individual trend across the financial advisor channels is as profound as the shift away from commission brokerage towards these six types of managed account programs. This comprehensive research includes a relatively comprehensive history, statistics on the leading programs, details of each program type, highlights of each distribution channel, & predictions for the future.

This research outlines three historical phases:

    • Slow Growth Phase
    • Explosive Growth Phase
    • Rapid Restructuring Phase

This research addresses six program types, including:

  • Separately Managed Account Programs
  • Mutual Fund Wrap Account Programs
  • ETF Wrap Account Programs
  • Unified Managed Account Programs
  • Rep as Portfolio Manager Programs
  • Rep as Advisor Programs

This research defines five markets & distribution channels, including:

  • Wirehouses
  • Other Financial Advisor Channels
  • Direct Distribution
  • Institutional Markets
  • International Markets

And this research makes the following predictions:

  • Substantial Expected Growth for Managed Account Programs
  • Increasing Dominance of Rep as Portfolio Manager & Rep as Advisor Programs
  • Potentially New Pricing Models
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