A new report evaluating advisers’ attitudes and use of managed accounts has highlighted its sustained popularity, with ETFs among the most popular products in these portfolios.
The proportion of Australian financial advisers using managed accounts has more than tripled from 17% a decade ago to a record high of 56% now, according to the latest report by State Street and Investment Trends.
Fees aren’t the key focus for advisers using managed accounts with time saving and compliance continuing to rank as the key benefits according to research from Investment Trends and State Street Global Advisers.
With more than half of Australia s financial advisers now using managed accounts, State Street ETF model portfolio strategist Sinead Schaffer says their popularity is only going to continue to rise.