As the managed accounts industry matures, regulators are circling. So, are there any bad players, and what should advisers expect as the regulatory environment shifts?
To find out, Ally sat down with two “masters of the managed accounts universe,” Jonathan Tolub from Trellia Wealth Partners and Chris Carrodus from Evidentia.
They speak to the industry’s rapid growth and tightening regulation following the Shield and First Guardian blow-ups. Plus discuss trustee scrutiny, private credit exposure, conflicts of interest, fee transparency and a possible performance test.
Chapters:
00:00 Introduction
01:03 Why SMAs Grew
02:46 ASIC Scrutiny and Due Diligence
05:26 Managing Conflicts of Interest
07:52 Private Credit and Liquidity
12:56 The Performance Test Debate
16:39 Managed Account Consolidation
17:25 Fees and Platform Differences
20:19 Customising Portfolios
25:20 What Advisers Need Now
28:15 The Industry’s Next Five Years
30:01 Bond Yields and Super Transfers
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CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.
0.75 Total Hours
Knowledge Requirements: Managed Investments (0.50 hour) and Regulatory Environment (0.25 hour)
Legislated CPD Area: Technical Competence (0.50 hour) and Regulatory Compliance & Consumer Protection (0.25 hour)
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