Guide to Managed Accounts 2022

21 April 2022
| By Money |
image
image
expand image

While managed accounts have grown steadily over the years, this year has been an especially strong year for the structure. As mentioned in the latest edition of Money Management Managed Accounts Guide, funds under management in the space have passed $100 billion as advisers increasingly choose the structure for their clients.

They are also being used for a wider number of clients rather than the traditional high-net-worth investors. While advisers acknowledge their main client base for the structure are affluent clients, they also report using them for self-managed superannuation funds and younger clients with fewer assets as providers slash costs.

This evidence of the broad types of usage demonstrates how mainstream they have become with the number of advisers recommending them rising from 44% in 2021 to 60% in 2022, according to State Street Global Advisors.

It is likely this growth will continue in the future as advisers acknowledge the benefits they can bring to their businesses via the reporting, transaction and portfolio management capabilities and the reduction in work needed to deliver advice to the client.

Research found advisers who used managed accounts are able to have an average of 7.4 weekly clients compared to the industrywide standard of six per week.

Click here to download as a PDF

 

 

 

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 4 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 2 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND