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Showing 51 - 60 of 156 results for "MDA"

Platform hints at aggressive expansion

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
The first quarterly results under Xplore Wealth's new chief executive Michael Wright are out and he has hinted at an expansion plan for all of the firm's businesses, including adding more sub-plans to its superannuation offering. Xplore's ...

Dealer group awards investment mandate

KANIKA SOOD  |  THURSDAY, 17 OCT 2019
... Beach and distributed here by Contango. The mandate will sit in Lifespan's $400 million managed discretionary accounts (MDA), which uses about 20 external managers to create funds with five risk profiles for its advice clients. The external managers ...

Results of ASIC MDA review imminent

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 SEP 2019
... management. An ASIC spokesperson previously told Financial Standard the regulator has obtained information from a number of MDA providers over the course of the review to consider the "drivers and motivations" behind the growth in popularity of MDAs. ...

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
... sector 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 ...

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 ...