This series was prompted by the RG179 deadline for limited managed discretionary account providers, but developed into a much wider conversation about how advisers can future-proof their business models.
In the first installment, we addressed the steps advisers can take to transition out of limited MDA arrangements: these included partnering to build a new managed account solution, getting one’s own MDA license and returning to the “world of SOAs.”
In the second, we explored why advisers have been gravitating towards the managed account structure, both as a means of increasing the agility of investment decision-making and streamlining their business model.
In the third, we defined an investment philosophy as being a consistent approach to asset allocation that can be explained and justified to clients.
Finally, in this installment we challenges and opportunities for advice businesses in the future, specifically targeting the ways in which advisers can make money in a low-commission environment.
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