While the use and marketing of managed discretionary accounts (MDA) are rapidly increasing they are not for everyone and advisers and licensees need to make a considered decision when using them, according to Xplore Wealth.
The first quarterly results under Xplore Wealth's new chief executive Michael Wright are out and he has hinted at an expansion plan for all of the firm's businesses, including adding more sub-plans to its superannuation offering.
Tony Nejasmic, Head of Distribution and Marketing for Xplore Wealth discusses the tools that can help advisers and other intermediaries attain higher compliance standards, boost the transparency and efficiency of their advice and, by extension, their investment product recommendations.
The wealth management industry's departure lounge is gradually filling. Institutions are headed for the exits, as are many disillusioned financial advisers. But Australia's $811 billion platform market is ready and waiting to capitalise on those who choose to remain. Featuring Tony Nejasmic, Head of Distribution and Marketing at Xplore Wealth.