The past, present and future of managed accounts

This podcast is produced in partnership with Colonial First State

Colonial First State executive director for managed accounts Francy Taylor and Institute of Managed Account Professionals chair Toby Potter join Professional Planner editor Chris Dastoor to discuss one of the biggest efficiency gainers for advice practices – managed accounts – and how it has grown to $100 billion industry.

The pair discuss how managed accounts helped independent financial advisers express their own investment philosophies to clients, particularly without scale or having resources like chief investment officers.

With the regulators adding more scrutiny in the growing space, Taylor and Potter also discuss how the implications of ASIC’s Report 779 and potential Your Future Your Super expansion could impact the future of the investment vehicle.

But the pair also discuss how continuing innovation will lead to the “rise” of wholesale managed accounts and be used to help investors gain access to other asset classes not typically included in current managed account suites.