IMAP announces new FUM census

Press Release

 
IMAP announces new Managed Account FUM Census- 23 January 2017
 
"Good information is the basis of good decision making"
 
The Institute of Managed Account Professionals (IMAP) has announced that it will be undertaking a new study of the FUM invested through Managed Accounts.
 
"When we did the last study as at 30 June 2016, I think many people were surprised that over $31 billion was managed in this way. We are undertaking the next FUM Census as at 31 December 2016 and plan to undertake the study twice yearly." said Toby Potter, Chair of IMAP.

“I am confident that we will see, even in this six monthly period, a significant increase in the assets held in Managed Account services. The current level of FUM and the growth, if it eventuates, will prove how significant this service is for the advice profession.”

“In the study last year we showed that Managed Accounts were offered in a number of ways – about 1/3rd Managed Discretionary Accounts,  about 1/3rd SMAs / managed investment schemes, and the balance in a variety of other legal structures such as IDPS-Like or IDPS services. Recent product launches have been principally in the SMA style so it will be interesting to see how the relative usage has evolved.”

IMAP will be completing the FUM Census through February for release in March. Potter said “In the last study we were thorough in our coverage of institutions and companies which offered Managed Account services to IFAs. In this study, we are extending the survey to the 190 licensees whose AFSL authorizes them to be an MDA Provider in their own right. Their participation will be a valuable extension of the study.”

To better meet the needs of MDA Providers, IMAP is also creating an MDA Providers Forum which will provide these organisations an opportunity to have a collective voice in matters such as regulation, professional indemnity insurance, investment management, and development of adviser expertise. The mandate for the MDA Providers’ Forum is currently being developed by IMAP with a group of MDA Providers and invitations to participate are expected to be released in February.

 

Contact

Toby Potter, Chair, 0414 443 236 This email address is being protected from spambots. You need JavaScript enabled to view it.

Jane McIlroy, National Marketing and Events Manager 0411420180 This email address is being protected from spambots. You need JavaScript enabled to view it.     

Media

Chris Hocking 0418 603 694 This email address is being protected from spambots. You need JavaScript enabled to view it.  

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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