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Search ResultsShowing 11 - 20 of 100+ results for "MDA"
FASEA ethics pose risk to managed accounts
ELIZABETH MCARTHUR  |  MONDAY, 23 SEP 2019
... research houses." The letter explained the obligations of the issuer of a managed account, either a responsible entity or MDA Provider, in ensuring the portfolios are managed properly and the creation of portfolio management teams and investment committees. ...
Expert hopeful ASIC understands MDA benefits
HARRISON WORLEY  |  THURSDAY, 12 SEP 2019
... to sit tight while the corporate regulator compiled a discussion paper based on the questionnaire which hit the desks of MDA players in October last year, as revealed by Financial Standard . "I'd say just wait and see," he said. "The history with ...
Beware adviser conflicts of interest: Lonsec
ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... (MDAs). The regulator said it is reviewing MDAs and as part of that review has demanded certain information from platforms and MDA providers - including information in regards to fees. Nejasmic was previously head of sales at Xplore Wealth, a platform ...
ASIC to crack down on platform fees
ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
... MDAs as a licence to do what you want on a platform. That finally got outlawed about 18 months ago so people had to get an MDA licence or align with a provider. Some have strong governance but some don't. It's slowly tightening up." Bignill believes ...
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 ...
Xplore continues hunt for chief executive
ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... said retail inflows being down were a direct result of the Royal Commission, which impacted one of the larger clients in the MDA business leading to significant outflows over the quarter. The group also said it lost a client in Melbourne, which contributed ...
Melbourne advisory launches MDA
HARRISON WORLEY  |  THURSDAY, 30 MAY 2019
Third-party managed discretionary account provider Philo Capital Advisers launched an MDA service with a Melbourne-based advisory. Strategic Wealth linked with Philo Capital Advisers to implement an MDA service featuring BT Panorama, investment consulting ...
Platform provider wins mandate
KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... managed discretionary account service. Managed Accounts Holdings will work with First Point Wealth Management to set up an MDA service. The move comes as First Point Wealth Management launches a range of multi-asset portfolios for financial planners ...
ASIC approves AMP for MDAs
HARRISON WORLEY  |  TUESDAY, 9 APR 2019
... provide MDAs. Since September 2016, licensees have been transitioning away from ASIC's previous no-action position on MDA services, to modified licenses allowing them to deal in MDAs on regulated platforms. That transitionary period expired in 2018 ...
AMP overhauls wealth leadership
ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... Financial Planning's AFSL. ASIC granted AMPFP's application to vary its AFS licence to provide managed discretionary account (MDA) services after which time ASIC conducted surveillance of AMPFP's MDA services and advice business. This involved on-site ...
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