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He had also held various investment and research roles at Suncorp and Perpetual. Jason Komadina, MLC Asset Management managed accounts director, said both appointments brought a wealth of industry experience which would further strengthen the firm’s managed accounts proposition.  “The growth of the team reflects the continued uptake of managed accounts among advisers, and increasing demand for access to MLC’s professionally managed, portfolio construction services,” Komadina said.  “As the advice industry evolves, managed accounts continue to be one of the fastest-growing segments...

Makeover Of The Investment Platform Sector What to look out for as the $800bn investment platform sector feeds on itself By Tim Boreham, Editor, The New Criterion The head of investment platform Praemium ((PPS)), Michael Ohanessian, sounds like he’s channelling the coronavirus when he says that “like any living organism, any organisation wants to survive.” But in this case, he’s referring to the need for the $800bn a year adviser ‘platform’ sector to grow and diversify at a time when the banks’ stampede from the wealth management sector is also creating opportunities. The ban...

Switzer Daily Michael Ohanessian, head of investment platform Praemium (PPS), sounds like he’s channelling the coronavirus when he says that “like any living organism, any organisation wants to survive.” But in this case, he’s referring to the need for the $800 billion a year adviser ‘platform’ sector to grow and diversify at a time when the banks’ stampede from the wealth management sector is also creating opportunities. The banks’ exit has created what dubs as specialist platform providers – non-bank aligned providers that generally have more modern software and are genuin...

The growth of custodial platform FUA for the quarter, which increased by $3 billion, included positive market movement of $1.2 billion.  While the average monthly net inflows to date of $514 million were up from $412 million for FY20 and represented a 25% growth, the strong net inflows were seen across all client segments including larger national accounts and the broker segment, as well from boutiques and self-licensed advisers.  “HUB24’s new business pipeline continues to growth with 24 new licensee agreements signed during the December quarter, with both large boutique licensees and ...