Why Managed Acounts
Separately Managed Accounts (SMAs) are becoming a central part of financial advisers’ portfolio implementation toolkit.
According to the June 2017 IMAP FUM Census, there was approximately $47 billion in funds under management held within managed accounts. The rapid rate of growth in managed account is expected to continue as financial advisers seek an efficient portfolio implementation vehicle allowing them to focus on their core advice value proposition and spend more time with clients.
For financial advisers, the key benefit is greater efficiency, as there is no requirement to generate a Record of Advice (ROA) when providing an SMA solution.