Whether you call them multiple discipline products, multi-strategy accounts, diversified strategic portfolios, or some other name, there's little doubt that there is substantial interest in what are most commonly referred to as “MDPs.” Although they’re relatively new, MDPs are increasingly popular with financial advisors across the spectrum, because the product offers flexibility and other benefits over traditional managed accounts. In fact, as the industry develops new, more flexible generations of MDPs, FRC predicts that these accounts will grow to at least 20% of the managed account market. This publication takes a detailed look at what product breakthroughs are on the horizon, where the target markets for the product are, what operational issues face MDP managers, and why we expect this segment to continue to grow faster than traditional managed accounts.