Managed Accounts announces leadership changes

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Managed Accounts Holdings Ltd (ASX: MGP) announces that Chief Executive Officer (CEO), Mr David Heather, will leave the MGP Group on 10 May 2019. Mr Heather has been with MGP and its predecessors for over 10 years and CEO since February 2014. Following a period of rapid growth and expansion, with three corporate acquisitions, a broadening […]

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Moneysoft and managedaccounts.com.au join forces to help advisers drive efficiency and client engagement

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Moneysoft has partnered with managedaccounts.com.au to offer its personal money management solutions to all financial planning practices using the ASX-listed online platform provider. Under the agreement, advisers receive preferential pricing on both Moneysoft Lite and Pro. Those tools enable them to provide additional client services, build greater engagement and unlock further efficiency. Managing director of […]

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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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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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