Our panel reveals the challenges and opportunities for advice businesses in the future.
And are fears of growing regulatory scrutiny casting doubt on managed accounts’ future?
Managed accounts have evolved into a full-blown advice practice management solution. But for those who have yet to make the jump, what’s the appeal, and how do they work?
Time’s up for those advice businesses relying on a “limited MDA” structure, and if they don’t find a new way to dynamically manage their clients’ money, many are going to have to go back to the old advice world of ROAs for every investment decision. It’s costly and time-consuming – but at the same time, it opens up a conversation about how the entire advice business model needs to change, to benefit both advisers and clients.
One of the key tenets of any financial planning business is how to deliver the best and most cost-effective advice service to its clients, which is why it’s crucial to be aware of new models aimed at assisting advisers in doing just that.
Time is running out for advice businesses providing limited managed discretionary account (MDA) services – are you and your clients prepared?
Managed Accounts are not new, they have existed in the US for many decades and have been spoken about and offered in various guises in Australia for the better part of 10 years.
An SMA or separately managed account is an operational investment service which integrates ongoing investment management and investment administration. This also enables investors to have one point of contact for all, or most, of their direct equities market investments.
Is there a right time to move a client in or out of an SMSF, writes newealth Investments executive director Matthew Heine
No More Practice Education Pty Ltd
Level 1, 10 Shelley Street, Sydney NSW 2000
