IMAP announces that Managed Accounts now exceed $13Bn
Toby Potter
IMAP, the Institute of Managed Account Providers, has announced that the total held in Managed Account services now exceed $13bn.
“As part of the material for the Dealer Roundtable we held this week, IMAP asked the principal Managed Accounts providers to provide essential details about their service including the FUM held in managed account services.
“This is the first time that I am aware of where anyone has provided a robust total for Managed Account FUM” said Toby Potter, Chair of IMAP.
“This shows that total FUM held in this type of account exceeds $13bn.
“Since this survey was only intended to cover the organisations which aim to provide Managed Account services for other licensees, the actual total or investment held in this type of account will substantially exceed this amount, once firms which administer and manage services only for their own clients are included.
“As Managed Accounts are now an established (and significant) part of services through which advice is delivered, IMAP will be actively looking to collate more accurate information on a regular basis. The first step will be a Managed Accounts Directory which will be launched shortly.
“The Managed Accounts Directory will be a complete listing of all organisations involved in providing or providing services to the Managed Accounts industry and will enable IMAP to provide reliable data to track the growth of the sector,” said Mr Potter.
