The Royal Commission Interim Report raised questions which caused many observers and members of the public to question the fundamental integrity of an industry that ought to be characterised by adherence to fiduciary standards. In drafting a response on behalf of the Managed Accounts community, IMAP wanted to illustrate by reference to five of the “particular issues” that managed accounts are services that:
- are likely to improve client outcomes
- lead to a more efficient and sustainable advice profession, the benefits of which are demonstrably passed on to clients in lower costs and better service,
- support the separation of roles which encourages specialisation and professionalisation.
Click here to download the IMAP submission in PDF format
Please send your comments or inquiries to
Toby Potter, Chair
P: 0414 443 236
E: toby.potter@imap.asn.au