Research released by the Institute of Managed Account Providers (IMAP) indicates total funds under management held in managed account structures is at least $13 billion.
IMAP asked its members to provide details of the total FUM held, ahead of the launch of a managed accounts directory slated for launch later this year.“This is the first time that I am aware of where anyone has provided a robust total for managed account FUM,” said IMAP chair Toby Potter."Since this survey was only intended to cover the organisations which aim to provide managed account services for other licensees, the actual total or investment held in this type of account will substantially exceed this amount, once firms which administer and manage services only for their own clients are included."The Managed Accounts Directory will be a complete listing of all organisations involved in providing or providing services to the managed accounts industry and will enable IMAP to provide reliable data to track the growth of the sector.”
A newly created role has been announced.
A former NSW financial adviser has been sentenced to a three-year intensive correctional order, including one year of home detention.
Financial advice practices must look at decreasing time spent on the review process in order to drive profitability and efficiency, the co-founder of ...
Get the latest news! Subscribe to the ifa bulletin
Get notifications in real time and stay up to date with content that matters to you.