News

Spring 2018 Perspectives

The latest edition of IMAPs quarterly magazine "Perspectives" is now available in PDF format for you to download.

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: This email address is being protected from spambots. You need JavaScript enabled to view it.


Jane McIlroy, National Marketing & Events Manager
P: 0411 420 180

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Find out more about Managed Accounts at the FPA Congress in Sydney from 21 – 23 November 2018.

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

 

 

Royal Commission and Managed Accounts

By mapping your clients’ journey to the advice process, you can ensure your clients are getting optimum engagement at all their interactions and touchpoints with your business. Here are some tips from Netwealth for mapping your clients’ journey.

IMAP / Milliman Latest Managed Account FUM Census as at 30 June 2018

 Steady Growth in Managed Account Funds - IMAP Releases Latest FUM Census

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 2018, FUM in Managed Accounts stood at $62.43 bn.

This balance represents a six month increase of $5.389bn (or 9%) on the 31 December 2017 FUM total of $57.05 bn.

For the 12 months “year on year” period this represents an annual growth rate of 31% or $14.85 bn in FUM.

The growth in FUM results split between types of managed accounts is as follows:
  

Managed

Account Category

30 Jun 2018

($ billions)

31 Dec 2017

($ billions)

Incr / Decr $

($ billions)  Dec 2017 to Jun 2018

Incr / Decr %

Dec 2017 to Jun 2018

30 Jun 2017

($ billions)

SMA / MIS 

$20.55

$17.04

$3.51

21%

$13.90

MDA services

$27.34

$25.47

$1.87

7%

$23.37

Other services

$14.54

$14.54

$0.00

0%

$10.70

Total

$62.43

$57.05

$5.38

9%

$47.97

 

Toby Potter Chair of IMAP said “Over half of the increase is the result of organic growth.  We estimate that $2.99 bn of the increase is due to inflows of new funds from existing participants growing their Managed Accounts business, compared with $3.37 bn in previous 6 month period.

The total growth for the past 12 months from new funds inflow is $6.36 bn for 2017/2018 (this excludes the market growth)."

Wade Matterson, Milliman’s Practice Leader – Australia, estimates 45% or $2.4 bn of the increase can be attributed to steady growth in investment markets with the value of the ASX / S&P 200 Accumulation Index increasing by 4.23% over the 6 month period.

“This compares with a 8.37% or $4 bn market growth factor in the previous 6 months and reflects the total market conditions over that time period” says Matterson.

To compare the growth rate of managed accounts with other financial services in the retail market, IMAP compared it with the Master fund data over the same period (provided to IMAP courtesy of Strategic Insight www.strategic-i.com.au).

Strategic Insight’s statistics from their Masterfunds, Platforms and Wraps Survey at 31 March 2018 show Masterfunds with $809.3bn of FUM from annual net inflows of $20.6bn in the previous 12 months.

The 6 month net flows to 31 March 2018 were $6.5bn.  The Strategic Insight statistics to 30 June 2018 for comparative purposes are expected to be published shortly.

“Forty three companies participated in the latest Managed Accounts FUM Census ranging from the very large (major platforms and banks) and MDA Providers to individual licensees who largely operate their service internally,” said Potter.

 

IMAP wishes to expressly thank all census contributors - a number of whom are listed below (by permission):

- Accordius

- AMP

- BT Panorama

- Cameron Harrison Private

- Colonial First State

- EC Pohl & Co 

- Elston

- Implemented Portfolios

- IOOF

- Macquarie

- Mainstream Group

- Mason Stevens

- Marcus Today

- NAB

- Netwealth

- Praemium

- Ralton Asset Management / Copia Partners

 

 

CLICK HERE TO DOWNLOAD PDF VERSION;

IMAP Contacts

Toby Potter, Chair

(P) 0414 443 236
(E) This email address is being protected from spambots. You need JavaScript enabled to view it.


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

 

Millimans Contacts

Wade Matterson, Practice Leader

(P) 0410 443 630

(E) This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Winter 2018 Perspectives

The latest edition of IMAPs quarterly magazine "Perspectives" is now available in PDF format for you to download

Click here to download the Winter 2018 edition.  

winter2018cover

Please send your comments or inquiries to:

Toby Potter, Chair

P: 0414 443 236
E: This email address is being protected from spambots. You need JavaScript enabled to view it.


Jane McIlroy, National Marketing & Events Manager
P: 0411 420 180

E: This email address is being protected from spambots. You need JavaScript enabled to view it.

Autumn 2018 Perspectives

The latest edition of IMAPs quarterly magazine "Perspectives" is available in PDF format for you to download

Click here to download the Autumn 2018 edition.  

 

 

Please send your comments or inquiries to:

Toby Potter, Chair

P: 0414 443 236
E: This email address is being protected from spambots. You need JavaScript enabled to view it.


Jane McIlroy, National Marketing & Events Manager
P: 0411 420 180

E: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

IMAP / Milliman Latest Managed Account FUM Census as at 31 December 2017

 

Managed Account Funds Continue to Grow Substantially 

IMAP (The Institute of Managed Account Professionals Ltd) in conjunction with Milliman a (global actuarial firm) has released the latest data in its 6 monthly Managed Accounts FUM Census series. 

As at 31 December 2017, FUM in Managed Accounts stood at $57.05 bn.

This balance represents a six month increase of $9.08 bn (or 18.9%) on the 30 June 2017 FUM total of $47.97 bn.

For the 12 months “year on year” period this represents an annual growth rate of 45% or $17.87 bn in FUM.
 

The split between types of managed accounts follows:

Managed

Account Category

31 Dec 2017

($ billions)

30 June 2017

($ billions)

Incr / Decr $

($ billions) Jun to Dec 2017

Incr / Decr %

($ billions)
Jun to Dec 2017

31 Dec 2016

($ billions)

SMA / MIS 

$17.04

$13.90

$3.14

22.59%

$12.36

MDA services

$25.47

$23.37

$2.10

8.09%

$16.72

Other services

$14.54

$10.70

$3.84

35.88%

$10.10

Total

$57.05

$47.97

$9.08

18.93%

$39.17

 

Toby Potter Chair of IMAP said “$1.7 billion of this increase has come from companies who have beenadded to the census, but the over half of the increase is organic growth as advisers increasingly view Managed Account services as their preferred service model for a certain client segment.”

Wade Matterson, Milliman’s Practice Leader – Australia, estimates 41% or $4 bn of the increase can be attributed to very buoyant investment markets with the value of the ASX / S&P 200 Accumulation Index increasing by 8.37% over the 6 months period. “This compares with a 1% or $0.39bn market growth factor in the previous 6 months” says Matterson

Mr. Potter says “We estimate that $3.37 bn of the increase is due to inflows of new funds from existing participants growing their Managed Accounts business, compared with $4.4bn in previous 6 months period. Totalled for the past 12 months gives a figure of $7.88 bn new funds inflow for 2017”

To compare the growth rate of managed accounts with other financial services in the retail market, IMAP compared it with the Master fund data over the same period (provided to IMAP courtesy of Strategic Insight).

Strategic Insight’s statistics shown a net inflow of funds in their Masterfunds, Platforms and Wraps Survey of 2.78% or $21.31 bn of FUM to $ 821.4 bn for the period June 2017 – December 2017 compared to managed accounts $7.77bn. “It’s directly relevant to compare managed accounts with the Platforms and Wraps Study as these are both principally vehicles by which advisers implement their recommendations” said Potter. “There is of course a very high degree of crossover – managed accounts operated on platforms - but it shows that in a market generally characterised by low growth, Managed Accounts are the most vibrant area.”

“Forty two companies participated in the latest Managed Accounts FUM Census ranging from the very large (major platforms and banks) and MDA Providers to individual licensees who largely operate their service internally,” said Potter.

 

IMAP wishes to expressly thank all census contributors - a number of whom are listed below (by permission):

- Accordius

- AMP

- BT Panorama

- Cameron Harrison Private

- Colonial First State

- EC Pohl & Co 

- Elston

- Implemented Portfolios

- IOOF

- Macquarie

- Mason Stevens

- NAB

- Netwealth

- Praemium

- Ralton Asset Management / Copia Partners

 

CLICK HERE TO DOWNLOAD PDF VERSION;

IMAP Contacts

Toby Potter, Chair

(P) 0414 443 236
(E) This email address is being protected from spambots. You need JavaScript enabled to view it.


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

 

 

IMAP Managed Account Solutions Handbook 2018

Download IMAPs "Managed Account Solutions for advisers and their practices".  

For a free copy click here.

Managed Accounts give advisers the opportunity to manage clients' portfolios themselves or through using carefully selected investment managers. They are an infinitely more efficient and scalable way for advisers to build and support a wide number of portfolios.

The Handbook features:

Understanding the Managed Accounts Choices

Why Advisers are adopting Managed Accounts

Benefits for Licensees

How Managed Accounts Achieve better client outcomes

Combining Managed Accounts

Fees and Charges

The Importance of an effective communications plan

Migrating to a Managed Account program

Nov 2017 FPA Congress and IMAP's Managed Account Central Expo

IMAP is again participating in the FPA CONGRESS being held this year in Hobart, TAS on 22 - 24 November 2017 with the "Managed Accounts Central Expo"

Managed Accounts Central brings together a group  of important participants in the managed account industry to provide a great opportunity for financial advisers, dealer groups and other stakeholders to talk with service providers, view the latest offerings and discuss challenges, opportunities and learnings from implementing and growing managed accounts as part of the adviser solution mix.

Perspectives - September 2017

Spring Perspectives

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

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