Booming Market For Managed Accounts Creates Demand For Customized Software
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NEW YORK--In relatively short order, demand has exploded for managed accounts, the investment industry's latest twist to wrap accounts, and money managers are seeking tools to help them jump on this bandwagon and keep the money coming in. The market for this class of investments has soared to $140 billion industry-wide, more than twice its size only five years ago, says Cerrulli Associates, a Boston consulting firm. During that time, the market has been growing at an annual pace of roughly 35
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