Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 23 results for "MDA services"

Record turnout drives Managed Accounts Forum success

KARREN VERGARA  |  MONDAY, 18 SEP 2017
... segment of the adviser community, currently making up 60% of managed accounts. One-third of advisers that provide MDA services said during the 2017 financial year, this offering grew by 24%. Among the seven financial advisers sharing their managed accounts ...

Managed accounts demand dominates platform market

KARREN VERGARA  |  SUNDAY, 17 SEP 2017
... community, currently making up 60% of managed accounts. Rainmaker's research shows one-third of advisers provide MDA services and this offering grew 24% in the last financial year. More advisers as a result are crossing over into almost doing what investment ...

ASIC toughens MDA suitability rules

KARREN VERGARA  |  THURSDAY, 14 SEP 2017
... an interesting and new development ASIC is currently reviewing with key industry stakeholders. Advisers that offer MDA services don't always undertake the investing function and many outsource this operation to a third party to companies such as managedccounts.com.au ...

MDA provider builds custom solution

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUL 2017
... of the MDA reflected the ongoing evolution in the platform marketplace. "It is clear that The Wealth Partnership's MDA services will allow better control of clients' investment outcomes and greater business efficiency as it pursues growth," Nejasmic ...

IMAP ensuring greater representation for MDAs

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2017
... ensuring ASIC understands their business models and encouraging wider understanding among advisers of the potential for MDA services," Potter said. "In addition, many MDA Providers would benefit by sharing experiences in operating their businesses by ...

MDAs overhauled by new regulations

JAMIE WILLIAMSON  |  FRIDAY, 30 SEP 2016
... while the regulator assesses the impact of changes in the update. "IMAP's view is that this is appropriate given that MDA services have been almost completely free of either product or issuer failure. In addition, the ownership arrangements and involvement ...

Cumulus practices dumping wraps for MDAs

ALEX BURKE  |  WEDNESDAY, 9 DEC 2015
... Renouf & Partners Financial Planning - are planning to collectively transition $500 million in funds under advice to MDA services offered by Managed Accounts Holdings (MGP). As a result of this, MGP funds under administration (also known as managedaccounts.com.au) ...

Advisers looking to offer MDA services

STAFF WRITER  |  TUESDAY, 4 AUG 2015
... firms. In a statement, it noted that ten new advice firms have signed an agreement with MGP this year to provide MDA services. Of those, six signed up in the June quarter alone. As a result MGP has grown funds under administration to $1.5 billion as ...

ASIC accepts EU from forex broker over prohibited IMA

STAFF WRITER  |  TUESDAY, 25 FEB 2014
... take appropriate remedial action as necessary following the independent compliance experts assessment, not offer MDA services to retail clients for a period of 10 years, and A ensure the directors of Forex FS engage in continuing professional education ...

MDA guidance review will bring coherence and consistency

LAURA MILLAN  |  THURSDAY, 28 MAR 2013
... them as safer," McIlroy said. However, the ASIC proposal has its downturns and it makes it more difficult to provide MDA services due to extra capital requirements, which can be a barrier for small businesses. "But these difficulties might encourage ...