Nominations for the inaugural IMAP Managed Account Awards are now closed. This year’s awards will be judged across three categories:
- Asset Class portfolios, comprising:
- Australian equities – ASX listed direct securities including Australian equities ETFs and associated securities;
- Australian equities small cap – ASX listed direct securities ex ASX 50;
- International equities – Directly held international securities, ASX listed ETFs and managed funds with ex AUS asset allocation;
- Multi-asset class – Multi-asset class portfolios with a designated objective, either risk profile based, absolute return or goals based objective;
- Other asset classes – Portfolios based on other investment objectives
- Single AFSL/Dealer Group portfolios
Portfolios developed for representatives of a single AFSL.
- Innovation
This category recognises a development in the area of managed accounts the judges believe improves the sector.
Judging criteria
In terms of the judging criteria for these awards, the portfolio needs to be offered through a managed account structure with the following features:
- Recognised legal structure – registered MIS, MDA, IDPS Like, IDPS model.
- Investments directly held by or on behalf of each investor.
- Model based.
- Clear discretion held by the portfolio or investment manager.
Importantly, the portfolio needs to have a clear objective and a benchmark.
For the Asset Class portfolios, judging will take into account:
- Performance over time periods of one and three years;
- Risk measures, including standard deviation and Sharpe ratio;
- Weighted average cost of investment, both directly and considering the underlying investments; and
- Qualitative criteria, including the resources available to the portfolio management organisation and the structure.
For the Single AFSL/Dealer Group portfolios, the criteria applied to single sector portfolios will apply, and in addition, the judges will also consider:
- The investment committee structure and resourcing;
- The way in which the portfolios reflect the advice firm’s investment philosophy and appear to be integrated with it;
- How the managed account service fits with the client proposition; and
- Supporting materials, like communications about portfolio management and portfolio changes.
The Innovation Award is a broad category, which recognises those activities that have been designed to improve the:
- Operation and process of managed accounts;
- Adoption by advisers and licensees;
- Investment options; or
- Technology used to support managed accounts.
The IMAP Managed Accounts Awards will precede the IMAP Portfolio Management conference, and be presented in Sydney on 1 August at Dockside, Darling Harbour.
To register to attend the awards night, go to: www.imap.asn.au/imap-awards