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Showing 241 - 250 of 621 results for "Discretionary"

Results of ASIC MDA review imminent

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 SEP 2019
... (IMAP) has released its submission to ASIC as the regulator reviews managed accounts, with a special focus on managed discretionary accounts (MDAs). This comes ahead of the results of ASIC's review of MDAs being released, IMAP chair Toby Potter said ...

Expert hopeful ASIC understands MDA benefits

HARRISON WORLEY  |  THURSDAY, 12 SEP 2019
The future of managed discretionary accounts and the role of ASIC in shaping that future emerged as a point of discussion during a panel session at Financial Standard's recent Managed Account Forum. Asking Philo Capital Advisers chief executive ...

Beware adviser conflicts of interest: Lonsec

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... their entire business at risk." Financial Standard recently questioned ASIC about its work in regulating managed discretionary accounts (MDAs). The regulator said it is reviewing MDAs and as part of that review has demanded certain information from platforms ...

What is holding Aussie robo advisers back?

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
... offer life insurance advice or to be used by self-managed super funds. "These portfolios are assembled under managed discretionary account authorisations, meaning the investments are held in the name of the individual investor. Reflecting this, most ...

ASIC to crack down on platform fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
... managing director Thomas Bignill explained that Mason Stevens has been part of an ASIC questionnaire regarding managed discretionary accounts (MDAs). Bignill said: "I think ASIC is doing a good job with working through the limits of MDAs and trying to ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
The additional conditions imposed on AMP Financial Planning's managed discretionary account (MDA) licence has resulted in so many constraints on financial advisers that the offering is reportedly "unusable". A source told Financial Standard that AMP ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... an investor in Managed Accounts Holdings (now Xplore Wealth), when a subsidiary of the company provided managed discretionary account services to Henderson Maxwell clients. The firm failed to disclose this interest to its clients in two Financial Services ...

Global manager hires from Magellan

KANIKA SOOD  |  TUESDAY, 23 JUL 2019
... equities strategies, according to the latest Rainmaker Mandate Chaser report. GQG had $35 billion of advisory and discretionary assets worldwide, including more than $3 billion from 30 institutional investors in Australasia. On the wholesale side, to ...

Xplore Wealth launches new solution

HARRISON WORLEY  |  WEDNESDAY, 3 JUL 2019
... managedaccounts.com.au branding earlier this year, Xplore Wrap is Xplore Wealth's new platform offering to advisers managing discretionary investments, super and pension money. The firm said Xplore Wrap offers "a world of investments" with multi-currency ...

Wealth firm trims Aussie shares

KANIKA SOOD  |  FRIDAY, 14 JUN 2019
... gained more than 11% since the start of the year and is dominated by materials, industrials, financials and consumer discretionary stocks. Ten-year annual returns of the index sit lower at 6.47%. The 10 largest holdings in the index include A2 Milk ...