Managed account solutions increased 9% to $2.5 trillion, nearly double the increase from the fourth quarter, according to data released Tuesday by the Money Management Institute.
According to the MMI Central Q2 2012, a statistical overview of data and trends for the managed account solutions industry for the first quarter, unified managed accounts surged for the second consecutive quarter. UMA assets increased 21% to to $179 billion, recorded the largest increase of any segment, albeit over a still relatively small base.
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