Articles

There has been a lot of attention by the law makers and the regulators over the last few years in the advice business. Specifically, in the Managed Accounts World we have seen an impact from FOFA, the updated Regulatory Guide 179 (RG 179) and now most recently the Royal Commission.  As a result, financial advisers, investment managers and MDA providers are like soldiers left walking through a minefield with some choosing to run apocalyptic style for the hills!

Evelyne was recently asked about her views on managed accounts by Assured Support. Managed accounts are certainly an interesting topic and one that has been very much front of mind in the services provided by MDA Guru. Please click here for the full article.

Please feel free to contact MDA Guru if you have any questions.

Some of the most asked questions we receive at MDA Guru are around clarifying the investment management features of IMA’s versus SMA’s. We asked Brian Nash of Merlea Investments to help explain what the differences are and how they can affect your practice. Before deciding on embarking into the managed accounts world we highly recommend advisers understand these differences.

A bit over a year ago ASIC issued ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968 and Regulatory Guide 179 which regulates the conditions under which managed discretionary account services (MDA services) can be provided.

What is the difference between all these confusing acronyms we hear when investigating managed account solutions?

The difference, once you strip out the common letters "M" for “managed” and "A" for “account” are the following;