MyPlanner is excited to announce the launch of a breakthrough IMA Super and Investment service with specialist managed account providers Implemented Portfolios and netwealth
MyPlanner, who license more than 130 Representatives nationally, have launched the new IMA service, after extensively reviewing the market, to support their objective based advice model citing a lack of existing solutions in the Australian Market.
Commenting on the launch, Philippa Sheehan, MyPlanner Managing Director stated:
“Objective based financial planning, requires a combination of structure and strategy advice in addition to a tailored investment programme to truly suit a client’s needs.
“The new IMA service, called My Managed Portfolio Individually Managed Account Service, puts advisers in control, gives the licensee greater peace of mind and allows clients a significantly richer engagement around their money”.
“If you look at financial planning trends overseas, the advice is becoming incredibly personalised, and whilst portfolios are tailored to the client, the portfolio management is being done with very efficient administration which keeps cost low and ensures returns are improved by focussing on controllable alpha like tax management”.
Philippa Continued:
“By bringing together MyPlanner, netwealth and Implemented Portfolios, we believe we have come up with a solution that suits the every changing advice needs of our clients and is in line with what we are seeing offshore. This partnership will further enhance our planners engagement with their clients who will ultimately have a deeper understanding of their financial position and how their money is invested”
Santi Burridge, Managing Director of Implemented Portfolios (“IP”) commented that:
“IP is very happy to be aligning the benefits of our distinctive IMA capability with a market leading non-aligned licensee and netwealth, Australia’s largest non-institutional platform operator. Both share our passion for enabling high quality advice and putting the future of clients’ financial lives at the centre of how business is done”.
Matt Heine, Joint Managing Director at netwealth, further stated:
“This is an exciting initiative for us and a great example of how our technology can be utilised in different ways to support new and emerging business models that are designed around client outcomes and engagement”
MMP will initially utilise Implemented Portfolios ETF Strategist capabilities and more managers are planned to be added to the service over the months to allow advisers to correlate specialist asset managers with the IP dynamic asset allocation (DAA) capabilities.
Source: netwealth/Implemented Portfolios/MyPlanner
