Multiport and EIM announce managed account service
Multiport has launched a managed account service in partnership with boutique fund manager EIM Capital Managers.
“EIM Capital Managers has offered a managed fund to investors for many years, but we have had increasing demand from advisers for a managed account solution,” said EIM director John Robertson.
“Advisers and their clients want the unique tax structure that a managed account offers and they also like the transparency of the managed account,” he said.
EIM specialises in resource sector portfolio construction for retail, institutional and corporate investors, the manager stated.
Multiport chief executive John McIlroy (pictured) said that more fund managers would be providing a managed account option, particularly to appeal to self-managed superannuation funds.
The new service will offer four model portfolios including both listed and unlisted investment options.
McIlroy said a managed account that specialised in resources gave funds a direct exposure to resource stocks, as well as more control of their tax.
AUTHOR
Chris Kennedy
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