Is your managed account strategy outdated?
For the last 10 years, managed accounts have been the most powerful strategy available for financial advisers wanting to provide a better and more equitable service to clients while also creating practice efficiencies. Managed accounts are truly transformative.
However, the world of managed accounts continues to evolve rapidly and approaches that were once cutting edge are now falling behind best practice. Outdated approaches to implementing managed accounts can expose your business to unnecessary commercial risks and constraints.
At Philo Capital we support managed account programs that enhance the practice’s advice offering by integrating their investment philosophy with simplified mainstream platform implementation. There is no single approach to implementing managed accounts that is suitable for all businesses, but a truly contemporary program will generally have many of the following characteristics:
The ability to support your positioning as a supplier of professional services for your most valued clients, while being able to offer a simple and cost effective product solution to smaller clients
The advice business can determine the investment philosophy and portfolio manager/s
The ability to run model portfolios for all clients, while also offering tailored satellites for those seeking further personalisation
More investment choice than 4 or 5 standard models – allowing you to better match client needs and preferences
The option to add further model portfolios as needed, quickly and at no charge to you
A pathway to multi-platform operation
Incorporation of less liquid / illiquid assets
You have significant control over communication to clients
The capacity to provide separate solutions for both retail and wholesale clients
The ability to better differentiate your investment management service from providers of low cost multi asset class portfolios whether they be industry funds, index managers or robo advisers.
If you would like to explore how your business could be better off with a more contemporary approach to managed accounts, get in touch. We would welcome the opportunity to share how your industry peers are future proofing their businesses with more progressive managed account programs.