Limited MDA – Time is running out

By October 1, 2018, Advisers who have been using the Limited MDA / No Action Letter exemption to manage client portfolios need to make alternative arrangements. Failure to make a positive choice will mean reverting to manual ROAs for every client transaction with the resulting loss of efficiency and service.

Clients – not used to receiving individual recommendations – may well regard this as a substantial loss in value.

There are a large number of options available to advisers and licensees, including

  • Becoming an MDA Provider
  • platform SMAs,
  • internally managed portfolios or outsourcing portfolio construction,

IMAP – the managed accounts industry body – together with leading platform provider OneVue and global investment house Mercer offer a strategic workshop to decide on your options, covering

  • The specific options available to advisers and licensees
  • Benefits and costs of each option
  • Internal and outsourced services
  • How to take clients and advisers with you on the journey

By attending – you’ll understand the choices available to your practice or license and be able to select which will work best for you.

Melbourne – 6 March 2018

Time: 9.00am-12.00 noon

Mercer offices, 727 Collins Street, Melbourne, VIC, 3008

Cost: Free to IMAP subscribers and FPA members

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Sydney – 8 March 2018

Time: 9.00am-12.00 noon

Mercer offices, Level 19, One International Towers Sydney, 100 Barangaroo Avenue, Sydney NSW 2000

Cost: Free to IMAP subscribers and FPA members

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About IMAP

The Institute of Managed Account Professionals (IMAP) was formed to act as the nexus in this increasingly important industry. Our aim is to bring together advisers, managers, platforms and other managed account service providers to help build a better industry.

 

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0414 443 236
Level 2, 22 Pitt Street
Sydney NSW 2000
PO Box 4147 
Balgowlah Heights NSW 2093
Australia