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IMAP announces that Phase One of the Managed Accounts industry initiative to develop Data Standards is complete.

Managed Account Awards 2019 wiiners /  Licensee interview Piers Bolger Viridian /  FASEA Code of Ethics & Advisers /  Portfolio Management Group new Chair / Portfolio Mgement Conference Sydney

Following the Royal Commission's recommendation, the Australian Treasury released a consultation paper just before Xmas 2019 on the proposed Compensation Scheme of Last Resort (CSLR).

This is a fund which will compensate clients of most financial services who win a compensation payment through AFCA or some other process. 

Comments required by 7 February 2020

IMAP advises that the 6 monthly IMAP -Milliman managed account FUM Census is now underway for FUM balances as at 31 December 2019.

The Census provides reputable and useful information on the size of the managed accounts industry based on confidential information supplied by service providers.

IMAP encourages full industry particpation from all organisations offering MDA, SMA IDPS

ASIC Update 8th December 2019  Dr Rhys Bollen, Senior Executive Leader of the Investment Manager Team within ASIC spoke at the Professional Planner Researchers Forum. Read on for IMAP's view of the high level takeouts from his presentation and  considerations for licensees who advise on managed accounts.

Managed Account Awards 2019 wiiners /  Licensee interview Piers Bolger Viridian /  FASEA Code of Ethics & Advisers /  Portfolio Management Group new Chair / Portfolio Mgement Conference Sydney

Managed Accounts Grow $9.26bn for first 6 months of 2019 – Net inflows double
IMAP (The Institute of Managed Account Professionals Ltd) in conjunction with Milliman has released the latest data in its 6 monthly Managed Accounts FUM Census series. 

As at 30 June 2019, Funds Under Management (FUM) in Managed Accounts stood at $71.383 bn,
(an increase of $9.263bn on the 31 December 2018 FUM total of $62.12 bn).

Seven Year Itch peter kell and the challenges ahead for managed accounts also: industry megatrends / improving client outcomes / constructing managed account portfolios / best interest duty / pricing for value

IMAP announces Managed Account Awards 2019 Winners

The Institute of Managed Account Professionals (IMAP) today announced the winners of the 2019 IMAP Managed Account Awards.
 
“The quality and depth of the entries has again impressed our awards judging panel.  It was a very close contest in each of the categories,” said Toby Potter – IMAP Chair on behalf of the judges.
 

As of 3rd June 2019 IMAP has relocated to Suite 206, Level 2, 165-167 Phillip Street Sydney NSW 2000 (all other contact details are unchanged)

Toby Potter, Chair of IMAP, announced the release of an industry agreed data standard for the transmission of model portfolio data between industry participants.

30 May 2019

The Institute of Managed Account Professionals (IMAP) has announced the finalists of the 2019 IMAP Managed Account Awards.

The awards cover both single sector asset classes and multi asset class programs which generally have a range of risk profiles or other goal based objectives. In addition, there is an award specifically for managed account programs offered by Advice firms that are integrated into the advice process.

There is also an innovation Award for the service which does most, in the judge’s opinion, to advance the development of managed accounts.
“Managed accounts are becoming a significant part of the advice profession, with many managers and licensees now offering portfolios.

The managed account programs that are offered by advice firms are an important development that we want to recognise” said Toby Potter, Chair of IMAP. “We want the IMAP Managed Account Awards to be a recognition of excellent practice among advice firms. The managed account programs they offer are operated largely out of sight and the best are well resourced, carefully thought through, have a clear investment philosophy with decent track records and deserve to be recognised.”

To adjudicate the awards, IMAP has convened a panel of independent researchers and other specialists – Dominic McCormick, Nigel Douglas, Angela Ashton, Brad Matthews, Paul Saliba, Mark Oliver and Stuart Alsop.

The finalists are:

Licensee Managed Account
• Canaccord
• Crystal Wealth
• Prime Financial Group
• Royston Capital
• Stanford Brown
• Viridian Advisory

Innovation
• BTFG
• Investum
• JB Were
• Nucleus Wealth
• Praemium
• Resonant

Australian Equities
• Antares Equities
• Blackmore Capital
• Elston Asset Management
• Perpetual Private
• Watershed Funds Management
• DNR Capital

Australian Equities Small Cap
• Macquarie Investment Management
• Watershed Funds Management
• Infinity Asset Management
• Pearl Funds Management

International Equities
• Loftus Peak
• Nucleus Wealth
• Pearl Funds Management
• Private Portfolio Managers
• Royston Capital
• Watershed Funds Management

Multi Asset Class
• Canaccord
• Infinity Asset Management
• Resonant
• Shaw and Partners
• Soteria Capital
• Watershed Funds Management

Australian Fixed Interest
• JB Were
• Mason Stevens
• Prime Financial Group
• Real Asset Management
• Royston Capital

Download this press release as a PDF here

Contact
Toby Potter - IMAP Chair
M: 0414 443 236
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

Jane McIlroy - National Marketing and Events Director
M:0411 420 180
T: 02 8003 4131
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

As at 31 December 2018, Funds Under Management (FUM) in Managed Accounts stood at $62.12 bn which is just down by 0.5% (or $0.32 bn) on the 30 June 2018 FUM total of $62.43 bn.

By mapping your clients’ journey to the advice process, you can ensure your clients are getting optimum engagement at all their interactions and touchpoints with your business. Here are some tips from Netwealth for mapping your clients’ journey.

The latest edition of IMAPs quarterly magazine "Perspectives" (the Summer 2018 edition) is now available in PDF format for you to download.

Click here to download the Summer 2018 edition in PDF format, or click on the cover image below to view in a webpage

Please send your comments or inquiries to:

Toby Potter, Chair

P: 0414 443 236
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

Jane McIlroy, National Marketing & Events Manager
P: 0411 420 180
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

The SMSF Association 2019 National Conference is the largest and most anticipated SMSF conference in Australia, and its being held in Melbourne from 20-22 February 2019.

Here is the link to the SMSF Association 2019 Conference website

IMAP's Managed Accounts Central is a great "no pressure" way for advisers and dealer principals to find out more about implementing and operating Managed Account services. 

Please support us supporting the SMSF by coming and talking with our managed account service providers.

You can view the latest offerings and discuss challenges, opportunities and learnings from implementing and growing managed accounts as part of the adviser solution mix.

IMAP's Managed Account Central is supported by:

J B Were     
Lonsec
Philo Capital Advisers
Watershed

The IMAP Regulatory Group was formed in September 2018. A key reason for the formation of the group was to ensure that the broad managed account community was well represented in issues that specifically affect providing and advising on managed accounts.

IMAP coordianted a submittion from teh managed accounts industry as a response to the Royal Commission Interim Report to illustrate that managed accounts can have positive putcomes for the end investor. This submission makes reference to 5 of the particular issues raised in the Interim Report

The latest edition of IMAPs quarterly magazine "Perspectives" is now available in PDF format for you to download.

Click here to download the Spring 2018 edition in PDF format, or click on the cover image below to view in a webpage

Please send your comments or inquiries to:

Toby Potter, Chair

P: 0414 443 236
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

Jane McIlroy, National Marketing & Events Manager
P: 0411 420 180
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

IMAP's Managed Accounts Central is a great "no pressure" way for advisers and dealer principals to find out more about implementing and operating Managed Account services. 

Please support us supporting the FPA by coming and talking with our managed account service providers.

You can view the latest offerings and discuss challenges, opportunities and learnings from implementing and growing managed accounts as part of the adviser solution mix. Please do come and find out more at the large display area in the exhibitor's arena.

Here is the link to the FPA Congress home page

IMAP's Managed Account Central expo is supported by:

Elston Asset Management
Financial Express
J B Were
Macquarie Investment
Mason Stevens
Philo Capital Advisers
Praemium
Watershed

Steady Growth in Managed Account Funds - IMAP Releases Latest FUM Census

As at 30 June 2018, FUM in Managed Accounts stood at $62.43 bn,  a 6 month increase of $5.389bn (or 9%) on the 31 December 2017 FUM total of $57.05 bn.