“I think a rating [scheme] is very important part to getting everybody involved with the managed accounts sector,” said Adam Dawes, iMAP board member and head of portfolio and financial services at SHAW Stockbroking.
Financial Simplicity’s managing director Stuart Holdsworth said the challenge is that the methodology will be markedly different to that currently being used for managed funds, which is what financial planners are accustomed to.
“The rating of a managed account is not a single number. It is a rating of both the investment performance but also the way that the investment performance is different for each and every client.”
Michelle Baltazar