Managed account adoption bolsters practice efficiency

A majority of advisers using managed accounts believe their practice efficiency has improved as a consequence, Netwealth’s AdviceTech 2018 Report has found.

According to the report, 73.73 per cent of managed account users “agreed it improved efficiency” in their practices.

The report also found that use of managed accounts has grown almost 5 per cent in the last 12 months, up to 39.34 per cent of businesses, with practices which own their own AFSL adopting managed account technology “significantly more than the average”.

The report also identified client base size as a driver of managed account adoption, with 47.06 per cent of practices with more than 500 clients using them.


“Managed accounts represent a new wave of platform technology for advice practices. They have the potential to deliver consistent and reliable investment management processes in ways previously too complex or not cost-effective,” the report said.

“Their use creates a consistent investment process where clients know what to expect and are clear about the value proposition of a business.”

Managed account adoption bolsters practice efficiency
Netwealth, AdviceTech, Fintech, Insurtech, Matt Heine, Managaed Accounts,
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