Financial advisers who think they have a unique investment strategy or who want to take on smaller clients are creating their own mutual funds, with 30 registered funds in 2010 and 10 more projected before the end of the year. Advisers are looking to effectively manage smaller accounts, and the best way to do that is through pooled vehicles, analysts say. But as advisers put clients' funds into mutual funds created by other advisers they need to be sure of what they're getting into.

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