In a statement today, Managed Accounts announced it will be building an MDA service for non-aligned, Sydney-based firm The Wealth Partnership.
Head of distribution and marketing at Managed Accounts Tony Nejasmic said the deal reflects growing demand for bespoke MDAs as a model of choice for IFA businesses.
“We are pleased to partner with The Wealth Partnership as a dynamic and progressive IFA committed to providing fuller and more transparent client services through smarter, scalable structures,” Mr Nejasmic said.
Director of The Wealth Partnership Tony Rumble said the new service allows the firm to “efficiently and transparently manage a fuller range of investments for investors”.
Mr Rumble said the MDA’s scalability was key to the firm’s growth strategy, which has involved two substantial acquisitions over the last 18 months.
The rollout of the MDA reflects continued evolution in the platform marketplace, according to Mr Nejasmic.
