How do I convert my clients’ portfolios to Managed Accounts?
Switching into Managed Accounts can be daunting, but the value delivered by these accounts make it well worth the effort and reduces client management over time. With a project based approach, you can effectively migrate clients from existing portfolios into our Managed Accounts.
Advisers need to meet all their compliance obligations and ensure that a Managed Account addresses the needs and goals of their clients. If a Managed Account is an appropriate option for that client, an adviser has a choice – they can either recommend Managed Accounts at the client’s annual review. Alternatively, an adviser can adopt a ‘project based’ approach and convert appropriate clients in bulk. There are administration companies that can help with this.
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What are the benefits of Managed Accounts?
