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Showing 21 - 30 of 54 results for "MDAs"

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 ...

Platform provider wins mandate

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... Wealth Management director Sam Robson said. Managed Accounts Holdings (ASX: MGP) now has $13.3 billion across its flagship MDAs and the wrap functionality added after acquiring Linear. The company is looking to change its name to Xplore Wealth (ASX ...

ASIC approves AMP for MDAs

HARRISON WORLEY  |  TUESDAY, 9 APR 2019
... license conditions on AMP Financial Planning as a result of approving AMPFP's application to vary its license to provide MDAs. Since September 2016, licensees have been transitioning away from ASIC's previous no-action position on MDA services ...

ASIC terminates managed accounts provider AFSL

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
... Clinnick have the right to appeal ASIC's decision. ASIC commissioner Danielle Press warned all consumers considering MDAs to evaluate the risks and benefits of an MDA. "Consumers should ensure they have a good understanding of all the fees and charges ...

ASIC sharpens focus on managed accounts

KARREN VERGARA  |  TUESDAY, 18 DEC 2018
... Corporate Plan, the corporate regulator announced a new project reviewing the practices of managed discretionary accounts (MDAs) and platforms to identify issues affecting consumer outcomes. This includes looking at transparency and conflicts of interest. ...

Managed accounts expert expands new platform

KARREN VERGARA  |  WEDNESDAY, 11 JUL 2018
... market to enable advisers to access global investments via managed accounts solutions. The platform administers IMAs, SMAs and MDAs and helps advisers structure clients' money in a flexible and customisable way, he added. Storm said having worked ...

Managed accounts climb to $57bn

ALEX DUNNIN  |  TUESDAY, 27 MAR 2018
... financial advisers are used to dealing with because they operate under a PDS or regular disclosure document. However, because MDAs are more flexible they have become the growth engine behind managed accounts, accounting for $8.8 billion of the sector's ...

Crunch time for limited MDA advisers

KARREN VERGARA  |  WEDNESDAY, 14 MAR 2018
... deadline. According to Managed Accounts Holdings (MGP) head of distribution Tony Nejasmic, the no-action position on limited MDAs has been in place since 2004 - but the number of advisers impacted by the regulatory change remains unclear. "Discussions ...

MGP looking toward a better 2018

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2017
... financial year." Chief executive David Heather said MGP is happy with the overall results which reflect increased use of MDAs by independent financial advisers, stockbrokers and investment managers. He also said the group's ongoing re-investment into ...