Advisers flock to individually managed accounts
Financial advisers are increasingly shifting to individually managed accounts (IMAs) for client portfolio management, according to Implemented Portfolios.
The company now has $1.25 billion in funds under management, growing by $250 million over a period of seven months, according to a statement.
Implemented Portfolios said it sees this rapid phase of growth as part of a wider shift in the industry away from separately managed accounts in favour of a more individualised investment experience.
“Investors are now more than ever looking for flexibility, transparency and individuality when it comes to their investment portfolio,” said Implemented Portfolios executive chairman Greg Kirk.
“Importantly, they are looking to align their investments with their core values, and individually managed accounts (particularly through the scalable service provided by IPL) give advisers the ability to provide this to their clients without the ardours of tinkering in their back office.
“We expect these figures to continue to increase as more and more advisers see the benefits gained for both their clients and businesses from partnering with companies like ours to provide individually managed portfolios.”
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