A few months after launching a new individually-managed account (IMA) model, non-aligned financial services firms MyPlanner, Implemented Portfolios and Netwealth have upgraded its advice solution to offer passive and active investment options.
With help from investment manager Joseph Palmer & Sons, the IMA super and investment service – My Managed Portfolio Individually Managed Account Service – will allow financial planners and accountants to "better engage" with their clients.
"The enhancements to the already-successful My Managed Portfolio service allow planners to truly collaborate with clients to build the investment journey that best suits both their preferences and their outcomes," said MyPlanner Australia managing director, Philippa Sheehan.
"Not only has this service allowed our planners to engage on a completely different level with their clients, at the press of a button, this service allows every client to be treated individually for implementation, remodelling, tax, asset class and stock levels.
"This gives planners more time to focus on where they truly add value, which is helping clients set specific and measurable objectives and strategies to help them achieve their outcomes," Ms Sheehan said.
Implemented Portfolios co-founder Santi Burridge added that the new IMA service is "changing the industry".
"The traditional approach of platform, product and unscaleable implementation has been replaced with true scale at the core where every client is treated individually," he said.
The IMA was launched in August after MyPlanner noticed there was a lack of existing solutions in the Australian market to support an objectives-based advice model.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 18 Aug 2017ASIC permanently bans former AMP adviserBy Staff Reporter
- 18 Aug 2017IRESS announces first half resultsBy Jessica Yun
- 18 Aug 2017Banks the key to closing advice gap, Tria saysBy Larissa Waterson
- 18 Aug 2017Adviser ethics certification launchedBy Staff Reporter
- 18 Aug 2017Banks evade FOFA, industry funds claimBy Larissa Waterson
- 16 Aug 2017UBS appoints head of wholesale distributionBy Staff Reporter
- view all