Managed Accounts Holdings June 2015 Update
Managed Accounts Holdings Limited (ASX:MGP) CEO David Heather presents it’s June 2015 Quarter Update.
The specialist managed accounts provider executed six Memorandum of Understandings (MoUs) with Licensees with total Funds under Advice exceeding $1bn across the Licensees over the quarter for a record number of ten (10) MoUs executed in FY15.
Other highlights included two new services that went live in June quarter for licensees with Funds under Advice of over $500m. And the company reports a strong pipeline with seven (7) service implementations now in progress and set for completion late in Q1 FY16.
Continued strong support for the MGP platform saw Funds Under Administration (FUA) reaching $1.506bn as at 30 June 2015 a significant increase of 43% on FY14.
MGP Board has declared a June quarterly dividend of $0.002 per share payable in August 2015, brining the full financial year dividend of $0.008 per share, for aa 4.4% unfranked yield (based on 30 July 2015 ASX close price)