IMAP and the Financial Services Council (FSC) have developed a template specifically for Managed Accounts that complies with the FSC developed industry data standards to facilitate compliance with the new Design & Distribution obligations (DDO) laws that take effect on 5th October 2021.

IMAP announces that it's Data Standards Working Group has successfully completed Phase 2 by developing 2 important management reporting standards for ‘FUM’ and ‘FLOW’ 

IMAP announces that Phase One of the Managed Accounts industry initiative to develop Data Standards is complete.

Managed Account Awards 2019 wiiners /  Licensee interview Piers Bolger Viridian /  FASEA Code of Ethics & Advisers /  Portfolio Management Group new Chair / Portfolio Mgement Conference Sydney

Following the Royal Commission's recommendation, the Australian Treasury released a consultation paper just before Xmas 2019 on the proposed Compensation Scheme of Last Resort (CSLR).

This is a fund which will compensate clients of most financial services who win a compensation payment through AFCA or some other process. 

Comments required by 7 February 2020

ASIC Update 8th December 2019  Dr Rhys Bollen, Senior Executive Leader of the Investment Manager Team within ASIC spoke at the Professional Planner Researchers Forum. Read on for IMAP's view of the high level takeouts from his presentation and  considerations for licensees who advise on managed accounts.

Managed Account Awards 2019 wiiners /  Licensee interview Piers Bolger Viridian /  FASEA Code of Ethics & Advisers /  Portfolio Management Group new Chair / Portfolio Mgement Conference Sydney

Managed Accounts Grow $9.26bn for first 6 months of 2019 – Net inflows double
IMAP (The Institute of Managed Account Professionals Ltd) in conjunction with Milliman has released the latest data in its 6 monthly Managed Accounts FUM Census series. 

As at 30 June 2019, Funds Under Management (FUM) in Managed Accounts stood at $71.383 bn,
(an increase of $9.263bn on the 31 December 2018 FUM total of $62.12 bn).