Managed accounts FUM stands at $232.7b | Australian Markets
Monetary adviser assist for managed accounts have seen complete funds beneath management (FUM) rise to $232.77 billion as at 31 December, final 12 months, in response to the latest Institute of Managed Accounts Professionals (IMAP) Milliman census.
The census evaluation mentioned this represented a 23.2% annual increase over the 31 December, 2023, determine of $188.85 billion.
Commenting on the census, IMAP chair, Toby Potter mentioned individually managed accounts (SMAs) retained the most important share of the market at 64%, with managed discretionary accounts (MDAs) regular at 25% of managed account FUM.
He famous that the eight organisations the main 8 organisations managing $10 bn plus in FUM reported 6 months in the past have held their place, however 3 organisations are closing in on this milestone.
Milliman Australian follow chief, Victor Huang famous that investment markets had recorded sturdy growth within the latter half of 2024 with a 6.9% increase within the worth of the ASX/S&P 200 Accumulation Index, giving an annual growth charge of 11.1% within the 2024 calendar 12 months.
The FUM Census collected information from 48 giant and smaller organisations with diverse choices.
Potter mentioned this showcased a healthy aggressive market with a broad vary of choices to satisfy differing wants from each shopper buyers and advisers.
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