Rainmaker research says the managed accounts market is growing three-times the rate of the regular platform market. In the lead up to the Best Practice Forum on Managed Accounts, Financial Standard is running a survey to further this industry insight.
The survey asks about leading brands in managed accounts as well as your role in the financial services industry. It is designed to help Financial Standard understand how managed accounts are impacting the marketplace and will enable us to develop more informed editorial content. You can complete the survey here.
Rainmaker's analysis combined with the Institute of Managed Account Professionals' estimate that managed accounts represent more than $60 billion means the sector continues to transform if not overtake investment platform market.
The researcher has identified about 40 managed account groups offering more than more than 70 SMA managed accounts assembled through more than 20 administration groups. This is almost double what it observed less than two years ago.
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The number of model portfolios identified by Rainmaker available on these managed accounts has also doubled to about 1600 albeit the most popular are offered through more than one managed account or platform administrator. About 2000 advisers are now MDA authorised, Rainmaker noted.
The Financial Standard Best Practice Forum on Managed Accounts will be held on Tuesday, 11 September 2018, at Crown Promenade in Melbourne. To register, please click here.