An adviser research house and a managed discretionary account (MDA) provider have reached an agreement on an acquisition. Lonsec has announced the acquisition of an MDA provider to high net wealth in
Research house Lonsec will acquire investment consultancy Implemented Portolios to create a $5 billion player in the rapidly growing market for so-called managed accounts.
Lonsec has announced the acquisition of Implemented Portfolios Limited (IPL), a specialist managed discretionary account (MDA) provider to high net wealth individuals and affluent retail clients.