Innova wins IMAP award for multi-asset managed account

Innova Asset Management has won the multi-asset award at this year’s IMAP Managed Account Awards with the judges noting the firm’s standout competence in asset allocation expertise, risk management and manager selection.

Dan Miles, managing director and co-chief investment officer of Innova Asset Management, said Innova has been a finalist for several years, but won the award this year with its unwavering pursuit of excellence in investing and a diligent team effort.

“Success in the IMAP Awards demonstrates to the investment industry, our advisers and clients that our investment services excel in delivering results,” he said.

“This achievement reflects how we have continued to evolve, improve and dedicate ourselves to client investment outcomes over time. I’d like to give an enormous thanks to all our supporters: our  clients’ capital continues to remain in safe hands,” he said.

“I would also like to recognise the contribution of the Innova team – this achievement was made possible through team effort. Innova has an extraordinarily talented team, and we could not have built the robust, institutional-grade offering for clients without the tireless hours dedicated to improving what we do and helping more Australians invest successfully every day,” Mr Miles said.

“We also thank the Institute of Managed Account Professionals (IMAP) and especially the independent judges for investing time and effort to these awards – it is a monumental undertaking on their part.”

The IMAP Managed Account Awards are selected by a panel of experienced investment professionals, who understand portfolio construction and the investment selection process through their experience on investment committees, in running managed accounts and fund portfolios and through their hands on involvement in the development of managed account portfolios.

IMAP’s chair Toby Potter said that managed accounts have become one of the most significant components of retail financial services, as advisers adopt them as a principal way of implementing their advice service offering.

“Successful portfolio management for multi-asset class managed accounts is amongst the most challenging as it requires a wide range of competences – asset allocation expertise, risk management and generally manager selection. We felt Innova demonstrated competence in all of these areas,” he said.

“Innova demonstrated a clear intellectual underpinning to their approach to portfolio management, built on their risk framework and sensitive to the impact of current value on potential investment outcomes,” Mr Potter said.