The Institute of Managed Account Professionals (IMAP) today announced the launch of the Managed Accounts Directory.
"The Directory has two main purposes" said Toby Potter, Chair of IMAP. "Firstly, it will be a complete listing of the organisations which provide Managed Accounts, such as platforms and investment managers, or services related to Managed Accounts such as technology, legal, research or compliance services. Secondly, the Directory will enable IMAP to publish regular, reliable data on the size and composition of Managed Accounts."
The Managed Account Directory has been developed with support from Hub 24 as Directory Sponsor.
"A standard listing in the Directory will be available to all organisations but for IMAP Subscribers a full listing will enable them to set out full details of their services and contact details."
"The Directory will capture a full list of Managed Account portfolios and the administrative platforms that they are available through. This will enable IMAP to publish regular releases on the size and composition of Managed Accounts. We are often asked how large the market is and I think many were surprised when our survey in February this year showed it as a $13bn market. We plan the first release in March 2016 and quarterly thereafter" said Mr Potter.
"We are pleased to support the development of the Managed Accounts Directory" said Wes Gillett, Head of Marketing and Distribution Hub 24, "There has been a real need for reliable industry statistics for some time and we are pleased to see IMAP meeting this need. We will be supporting this and encouraging the managers listed on our platform to be involved also.
Click here to view the Directory.