Advancements in technology has been a “great enabler” for listed investment products, effectively making the ASX an ideal platform for advice solutions.
This was the key takeout from a panel discussion on how listed investment choices are transforming managed account investing.
According to BetaShares Director – Institutional Business and National Accounts, Vinnie Wadhera, technology is enabling managed accounts in a way it has never done before.
“Through regulatory innovation (MySuper) and intervention (FoFA), we’re seeing a greater obligation placed on the industry for lower cost solutions for consumers. And this isn’t just confined to Australia. Globally, we’re seeing stock exchanges investing in their own technologies, to help streamline and deliver cost efficiencies to investors.”