Multiport chief executive John McIlroy said as the uncertainty in investment markets continued, managed accounts were becoming increasingly popular among investors and financial planners.
“With the FOFA (Future of Financial Advice) reforms and ongoing market volatility causing many financial planners to look at ways to create or improve value for their clients, managed account solutions are being looked at more closely,” McIlroy said.
“[Managed accounts are] particularly attractive for planners as they can be tailored to suit the requirements and licensing structure of a financial planner’s business and deal with flexibility around custody structures and investment reporting.”
