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Showing 1 - 10 of 38 results for "MDA service"

Insignia's managed account FUM swells

STAFF WRITER  |  MONDAY, 23 OCT 2023
Insignia Financial's managed accounts solutions have grown by about 42% in the past 12 months. The group said there's now more than $6 billion in funds under management across its range of managed account solutions. About 55% of this is held in managed ...

Lonsec acquires Implemented Portfolios

CHLOE WALKER  |  THURSDAY, 21 JUL 2022
Lonsec is expanding its market reach with the acquisition of specialist MDA provider Implemented Portfolios (IPL). The acquisition will increase the firm's offering of complementary managed account solutions to financial advisers, whether it be separately ...

WealthO2 launches top manager MDA

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
... an MDA authority on their licence. "It's akin to a service equivalent SMA where the adviser is recommending the MDA service and the professional manager to their client, compared to the often higher cost equivalent SMA product," WealthO2 chief executive ...

New MDA offering launched

ELIZA BAVIN  |  WEDNESDAY, 2 DEC 2020
... management coach. Lifestyle's MDA will launch a service pilot and invite a select group of advisers to offer the new MDA service to their clients. Through the MDA, clients can opt to give their financial adviser the authority to buy and sell investments ...

HUB24 to acquire Xplore, offloads Paragem

ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
HUB24 announced a series of significant transactions, including plans to acquire Xplore Wealth and the sale of its financial advice business. Paying $60 million for Xplore, the platform provider said the proposed acquisition through a scheme of arrangement ...

Lifespan adds MDAs to BT Panorama

KANIKA SOOD  |  TUESDAY, 22 SEP 2020
Lifespan Financial Planning has launched 30 managed discretionary account model portfolios on BT Panorama. The portfolios will be available to Lifespan's advisers who use BT Panorama. Lifespan has over 250 advisers, the company said. The offering includes ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
New Rainmaker research reveals the financial advice industry in Australia is in a state of compression - as advisers leave in significant numbers and licensees are squeezed. The number of registered financial advisers decreased 15% last calendar year ...

AMPFP ceases MDA services

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
AMP Financial Planning has ceased providing managed discretionary account services following the imposition of tailored licence conditions by ASIC. ASIC tailored AMPFP's MDA licence conditions in March this year - the extra conditions meant a senior ...

Beware adviser conflicts of interest: Lonsec

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... clients. "ASIC also expects advisers and AFS licensees to monitor the performance and ongoing appropriateness of the MDA service for their clients," the spokesperson said.

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 ...
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