What's in a name?BY MICHELLE BALTAZAR | MONDAY, 7 MAR 2016 3:14PMThe basic tenets of managed accounts haven't really changed much in recent years, but its appeal to financial advisers has. I remember writing my first feature article on managed ... Upgrade your subscription to access this article
Join the growing community of managed accounts professionals
with unlimited access to our latest news, research and analysis of the industry.
Become a premium subscriber today. |
Latest News
Perpetual confirms KKR acquisition talk
Following media reports and a short trading halt, Perpetual this morning confirmed it is in exclusive discussions with KKR over the acquisition of its Corporate Trust and Wealth Management arms.
Antipodes acquires boutique manager
Antipodes has acquired a fund manager specialising in Asian equity and fixed income strategies that has about $170 million in assets under management.
ClearBridge launches first local global equity fund
ClearBridge Investments has launched its first global equity strategy in Australia as it looks to introduce more in the future.
Plenary Group sells 49% stake to ADQ
Abu Dhabi sovereign wealth fund ADQ has acquired a 49% stake in Plenary Group as it marks its first investment in an Australian company.
Cover Story
Harvesting wisdom
TIMOTHY SCOTT
DIRECTOR
FORD SCOTT FINANCIAL PLANNING PTY LTD
DIRECTOR
FORD SCOTT FINANCIAL PLANNING PTY LTD
With a farming background, Ford Scott Financial Planning director Tim Scott has artfully woven traditional country values into his advice approach and incorporated managed accounts into his offering, reflecting the importance he places on direct ownership. Cassandra Baldini writes.
When I first researched in 2001 what is now referred to as "Managed Accounts", the predominant term in the USA was "Wrap Fee"! I much prefer the current convention.
I'm interested, Michelle, in what you see as the benefits & headaches relating to Managed Accounts.
Regarding naming, most confusing are the prefixes that get added - is this an "Individually" Managed Account, a "Separately" Managed Account or a "Unified" Managed Account? The differences are mostly about marketing & in this Managed Accounts are certainly not alone!
Of much greater importance are whether the Target Weights are "Fixed" or "Floating" and Rebalance frequency, which are often overlooked.