Managed accounts product regos drive momentum: | Australian Markets

Managed accounts have led the pack in financial product registrations for yet one more quarter, persevering with the “solid start” recorded for the 2024-25 financial 12 months, based on APIR Techniques.

Simply within the December quarter, there have been 25 new managed accounts product registrations which topped the rolling five-year average for the period by 66 per cent.

The information additionally indicated that the quantity of lively individually managed account (SMA) merchandise registered had doubled within the final three years.

“In total there was 197 financial products registered in the 2024 December quarter, which is in line with the five-year rolling average for that period. This indicates a strong and consistent trend of new product issuance by the industry,” APIR chief govt, Chris Donohoe, mentioned. 

“The information builds on the stable begin to the 2024-25 financial 12 months, with sturdy registrations additionally seen within the September quarter.

“Whereas general registrations for the December quarter are consistent with the five-year rolling average, it’s again managed accounts which proceed to see exponential growth, a development that has seen the quantity of lively merchandise double during the last three years.

“This growth in SMA merchandise demonstrates the continued evolution of the managed accounts and how the industry is leveraging off the numerous advantages of the APIR coding regime.

The one determine to trounce its rolling five-year average was the quantity of terminations, which for the December quarter was up by 20 per cent. Donohoe attributed this occasion to a number of “joint data quality projects” which can be underway to clean via prospects’ legacy merchandise and knowledge.

“We’ve been working closely with our customer base to streamline their product offerings and, by being proactive, we keep our data relevant,” he mentioned.

“One other key spotlight from the December quarter was seven new contributors registered to make use of the APIR coding regime during the period, consistent with the quarterly average.

“APIR Systems’ strategy is to stay ahead of the curve in relation to industry developments. We’re keeping a keen eye on how global and domestic geopolitical factors, coupled with advancements in artificial intelligence, shape product development.”