Managedaccounts.com.au (MGP) announces new strategic appointments

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One of Australia’s leading independent platform providers and investment administrators, Managed Accounts Holdings Ltd (ASX: MGP) announces several changes to add further capability to its distribution and executive teams. The new appointments include Pamella Wilson as Group Chief Operating Officer, Neil Pattinson as Business Development Manager for New South Wales/ Queensland and Gloria Saliba as Head of […]

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Advisers urged to transition clients now to beat Limited MDA expiry

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managedaccounts.com.au, one of Australia’s largest managed discretionary account (MDA) providers, is encouraging financial advisors using the Limited managed discretionary account (LMDA) arrangements on regulated platforms to transition clients to fully compliant options well in advance of ASIC’s 1 October 2018 deadline. The removal of the Limited MDA or No-Action Letter from 1 October 2018 and […]

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Managed Accounts firms timetable for Linear merger

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Managed Accounts Holdings Limited (ASX: MGP or “Managed Accounts”) has revised the execution timetable for its merger with Linear Financial Holdings (“Linear”). Chief Executive of Managed Accounts David Heather said completion of the binding transaction documents executed by Linear shareholders and final due diligence are expected on or around Friday 20 October, a MGP shareholder […]

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Managed Accounts proposed merger with Linear Financial

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Managed Accounts Holdings Limited (“Managed Accounts”) (ASX: MGP) is pleased to announce it has submitted a non-binding conditional proposal to undertake a merger with Linear Financial Holdings Pty Ltd (“Linear”) by acquiring 100% of the shares of Linear. On completion of the merger, the combined entity will become a leader in the managed account, platform […]

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Managed Accounts Holdings posts $1.47m NPBT

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Managed Accounts Holdings Limited (managedacaccounts.com.au, ASX:MGP), one of Australia’s leading managed discretionary account (MDA) providers, has posted a normalised net profit before tax of approx. $1.47 million for the year to 30 June 2017. Highlights for the 2017 financial year announced to the market include: 19.8% increase in normalised net profit before tax to approx. […]

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MDAs continue to be favoured by IFAs

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managedaccounts.com.au (ASX:MGP), one of Australia’s leading managed discretionary account (MDA) providers, has been selected to build and implement a MDA service for Sydney based advisory group The Wealth Partnership, which manages substantial portfolios for HNW and SMSF clients. The appointment, which followed an extensive review, reflects growing demand for bespoke MDAs as a model of […]

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managedaccounts.com.au invests in platform upgrades to support advisers

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A new cloud-based solution announced yesterday by managedaccounts.com.au promises to transform the adviser and investor experience through a market leading intuitive front-end. ASX listed managed discretionary account (MDA) provider, managedaccounts.com.au is partnering with specialist FinTech firm CapitalRoad to implement a new solution for its user interface and middle office requirements to replace its in-house developed […]

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Confronting report warms advisers imminent regulatory changes will address the industry’s ‘sleeper’ issues.

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Listed managed discretionary account operator, Managed Accounts Holdings Limited (MGP) has released a detailed report on the potential impact of regulatory changes to the operation of managed accounts and how advisory firms can prepare for the future. According to the report – released by MGP subsidiary managedaccounts.com.au and titled “The limited discretion clock is ticking” – many advisers […]

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New IFA deals to push MDA provider FUA to over $2B

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Five boutique financial advisory firms have launched new managed discretionary account (MDA) services in partnership with Managed Accounts Holdings Limited (MGP), which will ultimately see the company’s funds under administration (FUA) surpass $2 billion. Shine Financial Services, Array Financial Services, Mayneline Financial Services and Renouf & Partners Financial Planning, which are licensed by Cumulus Financial […]

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Strong MDA growth driven by IFA market

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Self-licensed advisory practices are driving the trend towards higher usage of Managed Discretionary Accounts (MDAs) with a further three licensees, representing over $400 million in funds under advice, ditching institutionally-owned wrap platforms to implement an MDA Service in partnership with Managed Accounts Holdings Limited (MGP) during the September quarter. An additional ten boutique licensees are […]

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