About the IMAP Managed Account Awards

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As managed accounts become central to the way in which Licensees and Advisers implement their advice, IMAP wants to ensure that best practice amongst investment managers and licensees is promoted and recognised.

The IMAP Managed Account Awards are selected by a panel of experienced investment professionals. They understand the portfolio construction and investment selection process through their experience on investment committees, in running managed account and fund portfolios and through their hands on involvement in the development of managed account portfolios.

Why Enter?

Being a finalist, let alone a winner, in the IMAP Managed Accounts Awards brings with it the recognition of your peers that your processes and service to investors is regarded as high quality.

Success in the Awards will demonstrate to your staff, advisers and clients what it is that sets your services apart and you’ll have the logos and trophy to prove it.

As a winner, you’ll have the opportunity to be involved in IMAP events and conferences as a leading example of how managed accounts can be successfully integrated into advice practices

Who Can Enter?

The IMAP Managed Account Awards are open to all AFSLs including:

  • Licensees who are responsible for asset allocation and manager selections decisions in managed accounts recommended by tehir advisers
  • Licensees who are responsible for stock or fund selection in their portfolios 
  • Investment managers with specific portfolios offered as managed accounts
  • Research houses and investment specialists who offer discrete portfolios implemented in managed account structures
In the case of the innovation award, entry is open to any AFSL who believe they have improved the way in which managed accounts meet the needs of investors. 

What types of Managed Accounts can enter?

The IMAP Managed Account Awards recognise that different investment approaches mean different portfolio types. So the Awards are open to:

  • all legal structures – SMA / MIS, MDA, Wholesale MDA, IDPS, IDPS Like
  • all investment types – direct stocks, managed funds, ETFS
  • All portfolio managers – including investment managers, AFS Licensees / dealer groups and research house managed portfolios. This includes portfolios which are managed by a licensee but which are subadvised by one or more investment managers or asset allocation specialists

In particular, we want AFS Licensees and dealer groups to take part so that the excellent work done in implementing advice philosophies can be recognised.

You will need a history of at least 12 months in each of the portfolios you submit.

Categories

Scope of each Category and sub-category

1. Asset Class Portfolios

 

  a) AEQ

ASX listed direct securities including AEQ ETFs and associated securities

  b) AEQ Small cap

ASX listed direct securities drawn from ex 50

  c) International equities

Directly held international securities, ASX listed ETFs  and managed funds with ex AUS asset allocation

  d) Multi asset class

Multi asset class portfolios with a designated objective either risk profile based, absolute return or goals based objective

  e) Fixed Income

Income oriented portfolios built from Australian and global income investments

  f) Other asset classes

Portfolios based on other investment objectives

 

 

2. Single AFSL/ Dealer Group Portfolios

Portfolios developed for use by representatives of a single AFSL

 

 

3. Innovation

This category recognises a development in the area of managed accounts

 

Date that entry information and data needs to relate to

31 March 2018

Closing date for entries

21 May 2018

Finalists announced

6 July 2018

Awards event

1 August 2018

Judging Criteria

General criteria:

The portfolio needs to be offered through a managed account structure with the following features:

  • Recognised legal structure – registered MIS, MDA, IDPS Like, IDPS model
  • Investments directly held by or on behalf of each investor i.e. not a pooled structure
  • Model based
  • Clear discretion held by the portfolio or investment manager

The portfolio needs to have a clear objective and a benchmark

Asset Class portfolios:

Judging will take into account:

  • Performance over time periods of 1 and 3 years
  • Risk measures including SD and Sharpe ratio
  • Weighted average cost of investment both directly and considering the underlying investments
  • Qualitative criteria including the resources available to the portfolio management organisation and the structure

Single AFSL / Dealer Group Portfolios

The criteria applied to the single sector portfolios will apply, however, in addition the judges will consider

  • The investment committee structure and resourcing
  • The way in which the portfolios reflect the advice firm’s investment philosophy and appear to be integrated with it.
  • How the Managed Account Service fits with the client proposition.
  • Supporting materials, in particular the client and adviser communications about portfolio management and portfolio changes
Innovation Award

This is a broad category which recognises those activities which have been designed to improve the:
  • Operation and process of managed accounts
  • Adoption by advisers and licensees
  • Investment options
  • Technology used to support managed accounts
  • Other functions the judges think worthy of recognition

Stuart Alsop is Head of Data Australia / New Zealand for FE. After working in the FE offices in London for many years where he held various senior data analyst roles, Stuart moved to Sydney in 2015 to run the Australian & New Zealand fund database covering Managed Funds, ETFs, LICs and domestic Equities, providing purely quantitative information to the financial services industry.

Angela Ashton co-founded Evergreen Consultants and has 25 years experience in investment markets. She has held senior investment roles at QIC, and was Head of Ratings at van Eyk Research and Lonsec. She holds a BSc, BEcon, MComm (Fin), is a Fellow of FINSIA and completed the CIMA qualification. 

Nigel Douglas is Chief Executive Officer (CEO) at Douglas Funds Consulting Pty Ltd which is an independent research firm that undertakes customised fund and client specific research projects as well as investment committee and non-executive director roles.

 Mr Douglas has over 30 years financial markets experience with high level expertise in investment manager research, asset allocation and macroeconomics.

Brad Matthews has over 30 years experience in the finance industry and is a highly regarded investment strategist. After working in the money and foreign exchange markets in the mid-1980s, Brad held various economist roles at St. George Bank.  He then moved into executive management positions at St. George, including being the Head of the Cards and ATMs division. Prior to establishing his own investment consultancy business in 2015, Brad worked in investment research at the AMP Group for 12 years, which included roles as Head of Research and Head of Investment Strategy for AMP Group financial planning licensees.

For the past 24 years, Brad has been editor of a newsletter known as “Plain English Economics”, which is read by secondary students studying economics.

Dominic McCormick has worked in financial services and investment management for 33 years.  He co-founded multi-asset and alternatives manager Select Asset Management in 2002 which was sold to OveVue Limited in 2014.  He is the Portfolio Manager of the Select Listed Investments Fund and the Select Real Return Fund.  He also provides investment consulting services with a focus on portfolio construction, real return investing and listed funds.

Mark Oliver is head of Managed Accounts for Macquarie Wealth Management.  He has 30 years international and local experience in wealth management across both the business and technology.  Mark has worked in government and personal superannuation, life insurance, Wrap platforms, online trading and managed accounts. Prior to joining Macquarie in 2007 Mark managed his own consulting company, primarily consulting to large Wrap platforms on product and technology development.  In his current role Mark is involved in determining which investment managers are added to the SMA menu

Enter the IMAP Awards by competing the form below 


IMAP Managed Account Awards Registration

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Submission of an entry to the IMAP Managed Account Awards 2018 is subject to the terms and conditions of the Awards
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2018 IMAP Managed Account Awards - Terms & Conditions of Entry

We’re delighted you want to participate in the 2018 IMAP Managed Account Awards.

This document is our ‘terms and conditions’, and if you want to participate in the IMAP Managed Account Awards, you’ll need to adhere to a few things that we’ve outlined for you below.

As with any fair competition, if you don’t comply with these terms, we have the right to disqualify you or declare your entry ineligible so it’s important to take note of these terms.

The IMAP Managed Account Awards recognise that different investment approaches mean different portfolio types. So, the Awards are open to:

  • all legal structures – SMA / MIS, MDA, Wholesale MDA, IDPS, IDPS Like
  • all investment types – direct stocks, managed funds, ETFS
  • All portfolio managers – including investment managers, AFS Licensees / dealer groups and research house managed portfolios. This includes portfolios which are managed by a licensee but which are subadvised by one or more investment managers or asset allocation specialists

You need not be the Responsible entity, MDA Provider or IDPS Operator of the managed account portfolios to enter but you must disclose all the parties involved in advising on asset allocation, portfolio management or security selection or similar in the portfolios you enter.

Ground rules

In order to enter the Awards, you:

  • Must hold an AFSL
  • May enter in your role as portfolio manager or investment manager or similar for one or more portfolios which are presented as Managed Accounts
  • Agree that the judges’ decision is final and will be arrived at using such assessment or methodology which they believe is appropriate to meeting the objectives of the Awards program and may include material or information in addition to the material you submit.
  • Warrant to us that the information you provide is, to the best of your knowledge, accurate in all material respects.
  • Agree that we may request confirmation of any information you provide, for example in the form of reports or meeting minutes.

Privacy

Our privacy statement will apply for your involvement in the Awards. You’ll find our Privacy Policy at https://imap.asn.au/privacy-policy. As part of your participation we collect all kinds of information relating to you and your business, including your responses to the entry forms. We will share this only with the judging panel. By participating you consent that those with access to your information to use it to judge or administer the Awards, however, the fact that you have participated may be made available to our subscribers and Sponsors.

If you would like to access or correct the personal information that we hold about you, or wish to withdraw your consent to receive Awards material contact IMAP at This email address is being protected from spambots. You need JavaScript enabled to view it. .  Any reference to ‘you’ or ‘your’ includes you in your personal capacity, as a representative of the business, as well as the business being entered into the Awards

You agree that we may use your logo and name in any material which promotes the Awards. You agree to allow us and the Sponsors to contact you to provide comments about the Awards and to take photos or video footage of you, your business and your representative(s), and use any of the material collected as part of your participation. If we do use any of the materials listed above, you grant us a royalty free licence to use the materials for promotional purposes in relation to the 2018 Awards.


Intellectual property

All intellectual property rights related to the Awards, including the information and data we collect, belong to IMAP. This does not extend to any intellectual property rights you already owned prior to entering the Awards which remain your intellectual property. Any data or other material which you provide will only be used for the purpose of judging the Awards.

The judges may be subject to conflicts of interest and will tender declarations to that effect. Any affected judge will be excluded form consideration of the conflicted entrant.

 

Use of the IMAP Managed Account Award Logo

If you are a finalist or winner of an Award, we grant you a royalty free licence to use the relevant banner or trophy device for promotional purposes, so long as you use it in the form which we provide you.

 

The small print

To the extent permitted by law, neither we nor the judges will be liable for any loss or damage or personal injury suffered or sustained in connection with the Awards. You will indemnify us and our officers, employees or agents including the judges against any loss or liability from any claim or action that arises as a result of a breach of these terms by you, or your use of the materials or information supplied by you under these Terms.

 



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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