Managed account FUM jumps to $315bn

Managed accounts funds under management (FUM) grew by $22.1 billion in the six months to June 2026 reaching $315 billion, according to the latest census by The Institute of Managed Account Professionals (IMAP).

The industry reported net inflows of $12.14 billion during the period.

"This is a steady and positive result for the managed accounts sector, during a six-month period of modest overall capital growth in Australian and global markets, and a degree of market uncertainty and geopolitical factors," IMAP chair Toby Potter said.

Managed accounts grew by $60.2 billion in 2025 to reach close to $300 billion at the end of December 2025.

Adviser adoption is also becoming mainstream, with the latest Investment Trends research showing 61% of advisers in Australia are already using managed accounts, and another 13% are considering doing so.

Separately managed accounts accounted for 65% of the market share of the total FUM, whereas managed discretionary accounts (MDAs) remained stable at 20.3%.

The IMAP FUM census collected data from 40 organisations, which includes the platforms who report the market's SMA FUM on behalf of their SMA provider clients.

"This census report is an integral part of IMAP's role as a voice of the managed accounts industry, able to represent and support advisers, their clients, investment managers and platforms," Potter said.

"We thank the participants for their efforts and cooperation to enable this reporting to be provided by the managed account sector for public awareness."