Jason Komadina

MLC Asset Management’s (MLC^[1]) Managed Account Strategies have surpassed $2 billion in funds under management (FUM) in less than four years since inception.

MLC Asset Management is one of Australia’s most experienced investment managers with over 35 years’ experience and $85 billion in funds under management.^[1]

Rated Outstanding by independent research firm SQM Research, their highest rated managed accounts in the market, MLC’s Managed Account Strategies offer portfolios for clients with varying goals, time horizons, and fee expectations, leveraging the team’s long-standing track record of investment expertise and disciplined investment process to optimise returns and reduce risk.^[3]

The diversified portfolios were recently added to the Expand platform and feature on both Expand Essential, the low cost wrap for clients with simpler needs, and Expand Extra, the full service wrap for clients with more complex needs.

MLC Chief Commercial Manager, Jason Komadina, commented: “We are pleased to see our Managed Account Strategies continue to go from strength to strength, with funds under management doubling over the last 12 months.

“We’re dedicated to providing advisers with access to transparent, diversified investment solutions to meet the changing needs of clients and believe managed accounts will continue to form a key part of the advice proposition.”

Managed accounts streamline portfolio management and provide access to a diversified set of underlying asset managers, saving time for advisers to focus on client engagement and practice growth. Industry appetite for managed accounts continues to grow, with Australians having approximately $194.8 billion invested in managed accounts.^[4]

MLC Portfolio Manager, Anthony Golowenko, said: “With more than half of advisers utilising managed accounts^[5], it’s encouraging to see the continued demand for our portfolios.

“Harnessing the horsepower of the broader investment team to consistently deliver for our clients really gets to the heart of what we’re all striving to achieve.

“We take an active ‘hands on’ approach to managing our portfolios and regularly review asset and sub-asset class allocations to deliver diversity and resilience over changing market conditions.

“We made some key changes in the December quarter, including continuing to build out our credit exposure, particularly in investment grade credit. Across our value series, we have increased exposure to active, quality global REITS, to improve the risk reward potential in what’s likely to be a continuing volatile environment.”

MLC’s Managed Account Strategies are available via the Expand, North, Macquarie Wrap, BT Panorama, HUB24, CFS FirstChoice, Rhythm, Grow Wrap, and Voyage platforms.

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Jason Komadina

MLC Asset Management’s (MLC^[1]) Managed Account Strategies have surpassed $1 billion in funds under management (FUM) in less than three years since inception.

Designed to suit a range of needs, MLC Managed Account Strategies provide transparent, diversified solutions for clients with different goals, time horizons and fee expectations. The range of Managed Account Strategies was recently expanded to include conservative and high growth options in response to market demand from advisers^[2].

MLC General Manager Direct Capabilities and Specialist Investment Services, Jason Komadina, says “We are thrilled with the success and popularity of these strategies, which combine our best thinking on asset allocation with a disciplined investment process.

“Our goal with these strategies was to create a high performing solution that would be easy for advisers to work with and explain to clients. We have found this is in line with the broader industry wanting to make the advice journey more efficient and seamless for both advisers and their clients,” he said.

Australians now have a new high of over $144.5 billion invested in managed accounts^[3], highlighting the continued momentum of this investment vehicle. In particular, SMAs dominate the managed account sector with a 52%^[4] market share.

MLC Portfolio Manager, Anthony Golowenko, said: “It’s exciting to see the managed accounts industry go from strength to strength. Advisers value the access these strategies provide to their clients, so advisers can professionally manage strategies with transparency and facilitate direct ownership of underlying investments.

“Our highly experienced and passionate team of investment professionals tailor and manage the multi-asset diversified strategies to deliver consistent outcomes for clients. We see this $1 billion as the beginning of our Managed Account Strategies journey.

“Through our active approach we moved to increase the resilience of our portfolios last year in the face of rapid interest rate rises, particularly in our diversified fixed income capability. It’s this great flexibility that sees us well equipped to position the portfolios for what could be a more turbulent year ahead.”

Within the MLC Asset Management business there are more than 100 investment professionals across ten teams^[5] who manage $83.6 billion.

MLC’s Managed Account Strategies combine MLC’s long standing investment expertise with the benefits and efficiencies of a managed account structure and have been given an Outstanding rating by independent research firm SQM Research^[6], the only manager to receive this rating for multi-asset managed accounts nationally. MLC Managed Account Strategies were also awarded winner of the Multi Asset Class in the Institute of Managed Account Professionals’ Managed Accounts Awards 2022^[7].

Both Premium Model and Value Model Portfolios are now available via the MLC Wrap, MLC Navigator, Macquarie Wrap, BT Panorama, HUB24, CFS FirstChoice, Rhythm, Grow Wrap, and Voyage platforms.

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Notes:
[1] References to MLC mean the MLC Asset Management business unit which in the case of the MLC Asset Management Managed Account Strategies includes MLC Asset Management Services Limited (MSL), investment manager of MLC Managed Account Strategies and MLC Asset Management Pty Limited (MLCAM), distributor of MLC Managed Account Strategies.
[2] https://www.mlcam.com.au/our-investment-managers/mlc-managed-account-strategies/portfolios
[3] As at 31 December 2022, The Institute of Managed Account Professionals (IMAP), https://www.imap.asn.au/publications/perspectives/114-perspectives-autumn-2023/1117-imap-fumcensus-dec-2022.html
[4] As at 20 December 2022, Rainmaker Information, https://www.rainmaker.com.au/media-release/smas-dominating-the-managed-accounts-market
[5] As at 23 February, 2023.
[6] https://www.mlcam.com.au/our-investment-managers/mlc-managed-account-strategies/overview
[7] https://www.mlcam.com.au/our-investment-managers/mlc-managed-account-strategies/portfolios

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Jason Komadina

MLC Asset Management (MLC^[1]), has expanded its range of Managed Account Strategies to include conservative and high growth options in response to market demand from advisers for more transparent, diversified solutions for clients.

MLC Asset Management is one of Australia’s most experienced investment managers with over $170 billion assets under management and more than 100 investment professionals across ten teams^[2]. MLC’s Managed Account Strategies combine MLC’s proven investment expertise with the benefits and efficiencies of a managed account structure and have been given an Outstanding rating by independent research firm SQM Research^[3], the only manager to receive this rating for multi asset managed accounts nationally.

The Premium Model Portfolios capture the return opportunities of active management, and the Value Model Portfolios manage costs through select passive exposures, providing clients with real choice.

MLC General Manager Direct Capabilities and Specialist Investment Services, Jason Komadina, says MLC Asset Management has a long and deep history of helping advisers and their clients achieve their goals.

“The need for quality advice and demands on advisers have both never been higher. We are very pleased to bring these new portfolios to market given the success we’ve had with our existing portfolios. Now the range includes conservative and high growth options offering a full suite for advisers to utilise, we have taken the opportunity to align the existing portfolios naming convention with industry standards, while also more simply and transparently conveying the nature of their expected risk,” he said.

Additionally, MLC’s Managed Accounts Strategies have reached its $500 million milestone in under two years.

Commenting on this milestone, Mr Komadina said, “Reaching this milestone in just two years is a testament to our expert team. We have a strong heritage of managing multi-asset diversified portfolios to deliver quality outcomes for clients at a competitive price point.”

Managed accounts still a booming market Australians now have over $130 billion^[4] invested in managed accounts as investors and their advisers continue to be attracted to the simplicity of accessing professionally managed portfolios while providing them transparency and direct ownership of the underlying investments.

Commenting on the managed accounts industry, MLC Portfolio Manager, Anthony Golowenko, said: “Managed accounts continue to grow in popularity (in Australia) as they offer simplicity and scalability with the ownership, and transparency of direct investing. They allow advisers to provide efficient and effective solutions to a wider client base, offering clients an attractive means of gaining exposure to a range of investments.

“We build resilient portfolios using a forward-looking scenarios approach. This focuses on the distribution of capital market returns, rather than point estimates, making them better positioned to deal with future markets uncertainties,” he noted.

Both Premium Model and Value Model Portfolios are now available via the MLC Wrap, MLC Navigator, Macquarie Wrap, BT Panorama, and HUB24 platforms.

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References:
[1] References to MLC mean MLC Asset Management which includes MLC Asset Management Services Limited (MSL), investment manager of MLC Managed Account Strategies and MLC Asset Management Pty Limited (MLCAM), distributor of MLC Managed Account Strategies.
[2] As at 31 December, 2021
[3] https://www.mlcam.com.au/our-investment-managers/mlc-managed-account-strategies/overview
[4] 4 As at 31 December 2021, Institute of Managed Account Professionals (IMAP), https://www.imap.asn.au/component/content/article/110-%20perspectives/perspectives-summer-2022/1058-imap-fumcensus-dec-2021?Itemid=101

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