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Showing 1 - 10 of 11 results for "MDA operators"

Insignia's managed account FUM swells

STAFF WRITER  |  MONDAY, 23 OCT 2023
... from licensees for tailored services to meet varying client needs." This month Expand Extra will enable third-party MDA operators to provide MDA services, he added.

Lifespan appoints investment expert

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
... said. Long said: "One of the reasons I was attracted to Lifespan is that it is one of Australia's most experienced MDA operators, having offered MDAs to advisers and their clients for more than 15 years. Recent times have clearly highlighted the benefits ...

ASIC toughens MDA suitability rules

KARREN VERGARA  |  THURSDAY, 14 SEP 2017
... provider must check if this is actually the case. This is causing a lot of conversation in the MDA industry because MDA operators don't have the benefit of knowing the client like the adviser would, and are "very concerned" about the additional risks ...

MDAs overhauled by new regulations

JAMIE WILLIAMSON  |  FRIDAY, 30 SEP 2016
... custodian mean there is less need for this type of client protection," Potter said. Potter acknowledged that existing MDA operators are among the losers as there are a number of points in the reformed legislation they will be uncomfortable with, given ...

Managed accounts market likely bigger than thought

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2016
... vehicle presents a challenge to drawing any definitive conclusions. "We're an MDA operator and there are over 190 MDA operators like us around Australia, many of which are advice firms running their own in-house MDAs. That makes them fully off-the-radar ...

Former Calastone MD launches fintech solution

KERRIE SYDEE  |  THURSDAY, 28 JUL 2016
... for managed accounts and direct portfolios delivered under the Statement of Advice model and software for external MDA operators looking to improve efficiency. MA Operator is designed to lower costs and administration time for advisers by combining a ...

FEATURE: Managed accounts - more than meets the eye

ALEX BURKE  |  FRIDAY, 4 SEP 2015
... discretionary accounts, which are wholly customised and personalised to the individual investor. "There are over 190 MDA operators like us around Australia, many of which are individual advice firms running their own in-house MDAs. That makes them fully ...

ASIC drops planned MDA changes

JAMES FERNYHOUGH  |  THURSDAY, 6 MAR 2014
... However, ASIC has now stated there will be no change to the rules, saying it would wait to see how FOFA would affect MDA operators. It also cited the Coalition's deregulation agenda and its announcement of a moratorium on further financial services regulation. ...

MDAs key to proving value of advice

JAMES FERNYHOUGH  |  FRIDAY, 30 AUG 2013
... this large market. MDAs are regulated by Australian Securities and Investments Commission (ASIC). Currently, many MDA operators are running them on 'no-action letters' rather than full MDA licences. But ASIC has said it intends to revoke these no-action ...

ASIC MDA review requires further clarity: IMAP

ALICE URIBE  |  TUESDAY, 30 APR 2013
... authorisations recognise functions actually performed by the MDA operator, including the creation of a class licence for MDA operators which permits them to operate the MDA service for retail only clients, who have concurrently become clients of a regulated ...
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