IMAP coordianted a submittion from teh managed accounts industry as a response to the Royal Commission Interim Report to illustrate that managed accounts can have positive putcomes for the end investor. This submission makes reference to 5 of the particular issues raised in the Interim Report
Click here to download the Spring 2018 edition in PDF format, or click on the cover image below to view in a webpage
Please send your comments or inquiries to:
Toby Potter, Chair
P: 0414 443 236
E: toby.potter@imap.asn.au
Jane McIlroy, National Marketing & Events Manager
P: 0411 420 180
E: jane.mcilroy@imap.asn.au
IMAP's Managed Accounts Central is a great "no pressure" way for advisers and dealer principals to find out more about implementing and operating Managed Account services.
Please support us supporting the FPA by coming and talking with our managed account service providers.
You can view the latest offerings and discuss challenges, opportunities and learnings from implementing and growing managed accounts as part of the adviser solution mix. Please do come and find out more at the large display area in the exhibitor's arena.
Here is the link to the FPA Congress home page
IMAP's Managed Account Central expo is supported by:
Elston Asset Management
Financial Express
J B Were
Macquarie Investment
Mason Stevens
Philo Capital Advisers
Praemium
Watershed
As at 30 June 2018, FUM in Managed Accounts stood at $62.43 bn, a 6 month increase of $5.389bn (or 9%) on the 31 December 2017 FUM total of $57.05 bn.
Click here to download the Autumn 2018 edition.
Please send your comments or inquiries to:
Toby Potter, Chair
P: 0414 443 236
E: toby.potter@imap.asn.au
Jane McIlroy, National Marketing & Events Manager
P: 0411 420 180
E: jane.mcilroy@imap.asn.au
Click here to download the Winter 2018 edition.
Please send your comments or inquiries to:
Toby Potter, Chair
P: 0414 443 236
E: toby.potter@imap.asn.au
Jane McIlroy, National Marketing & Events Manager
P: 0411 420 180
E: jane.mcilroy@imap.asn.au
The latest data in teh IMAP/Milliman 6 monthly Managed Accounts FUM Census series is out. As at 31 December 2017, FUM in Managed Accounts stood at $57.05 bn.
There is tremendous growth in the consideration and use of managed accounts by advisers. The latest edition of IMAP's Managed Account Perspectives provides a valuable set of articles from recent IMAP events
IMAP has released the latest data in its 6 monthly Managed Accounts FUM Census. As at 31 December 2017, FUM in Managed Accounts stood at $57.05 bn.
The last forum for MDA providers covered the increasingly difficult professional indemnity (PI) renewals.
The sesion aimed to demonstrate a strong narrative to PI insurers to ensure they get the most advantageous terms. Being able to differentiate your operating model from high risk operations can make a significant impact on the PI terms available to you. With the ASIC MDA Class Order becoming effective 1 October 2017, insurers will be considering the potential for any significant changes to how these businesses will operate and whether there are consequences for PI insurance.
Key issues covered:
- breach reporting obligations are triggered (caution: over volunteer v head in the sand)
- systemic issues are evident
- ASIC seeks rectification
Insurance considerations
- new activities require a strong narrative
- you need to take insurers on your managed accounts (IMA, SMA or MDA) journey
- how well your risk is presented can make all the difference
- the impact of any claim/incident history can be mitigated by improved risk management
Insight and expert commentary was provided by financial services legal specialist Cain Jackson of Wotton + Kearney and PI insurance specialists Mike Herron
Click here for a copy of the presentation
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