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Showing 11 - 20 of 52 results for "MDAs"

Portfolio rebalancing should be timed: Xplore

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... visibility around market and price stability and also around earnings," Wright said. Wright said managed discretionary accounts (MDAs), as well as separately managed accounts (SMAs) have reaffirmed their status as an efficient structure to support advisers ...

IMAP not anticipating regulatory overhaul

ELIZA BAVIN  |  WEDNESDAY, 25 MAR 2020
... industry. "My take from the presentation was that for having spent well over a year looking at platforms, managed accounts and MDAs, they have not found cause to take drastic action," Potter said at the State of Managed Accounts webinar. "There appears ...

Product provider makes big FASEA promise

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 FEB 2020
... behalf of the adviser without ongoing conflict. That means financial advice practices with managed discretionary accounts (MDAs) could outsource the investment function of those MDAs. Lonsec also referred to Standard 6 which states: "Where your clients ...

AMPFP ceases MDA services

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... ceased providing MDA services in accordance with its licence conditions," ASIC said in a statement. AMPFP ceased providing MDAs on December 10. In August this year, Financial Standard reported that the licence conditions on AMPFP's MDAs had resulted ...

Platform hints at aggressive expansion

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... through the process again." Wright confirmed that Xplore has had conversations with ASIC as part of its current work around MDAs and said that he understands ASIC's paper is due this side of Christmas. "The industry will have a chance to make a formal ...

Results of ASIC MDA review imminent

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 SEP 2019
... 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 he did not know exactly ...

Expert hopeful ASIC understands MDA benefits

HARRISON WORLEY  |  THURSDAY, 12 SEP 2019
... Standard's recent Managed Account Forum. Asking Philo Capital Advisers chief executive Brett Sanders about the future of MDAs, panel moderator and BT Open head of distribution Christopher Mather noted that while MDAs were a "very flexible structure" ...

Beware adviser conflicts of interest: Lonsec

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... 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 and ...

ASIC to crack down on platform fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
... 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 improve the governance." ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... Planning is working through addressing the licence conditions. "In April, AMP Financial Planning's application to provide MDAs was granted by ASIC with some conditions, as announced by ASIC. We are working through addressing those conditions," the spokesperson ...