Managed accounts approach $100bn with strong H2 gains
Managed accounts grew by $33 billion in the second half of 2023, double the volume that they grew in the previous six months, according to IMAP.
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Managed accounts grew by $33 billion in the second half of 2023, double the volume that they grew in the previous six months, according to IMAP.
According to the latest figures, there is now about $195 billion held in managed accounts - up $33 billion in the six months to December end.
Ahead of closing their purchase of the historic property, represenatives from the Texas-based Global Integrity Investments got candid about their hopes to redevelop the site as a hotel once again.
Managed accounts can be a benefit for advisers in their professional year, according to experts, as they pose a lower compliance burden and improved risk management.
IMAP’s census of managed account FUM has risen by 9.8 per cent to $161.9 billion in the first six months of 2023.