Managed Portfolios wins wholesale MDA mandate

Managed accounts services provider, Managed Portfolios, has been selected by the asset management division of global financial services firm, Phillip Capital Group, as its managed discretionary account (MDA) provider to take care of its wholesale managed account solution.

The partnership will see Managed Portfolios leverage its individual-Holder Identification Number (HIN) rebalancing and model portfolios capabilities to underpin Phillip Asset Management’s (PAM’s) suite of wholesale manage account solutions.

The deal also blends the asset manager’s global firm-backed investment expertise, Phillip Capital’s Australian arm’s Australian Securities Exchange (ASX) Participant capabilities and Managed Portfolios’ “advanced rebalancing technology”.

“Phillip Capital is a globally respected and forward-thinking business. We are proud to partner with them to deliver a modern managed portfolio solution that enhances client outcomes through world-class portfolio management and seamless execution,” Leith Thomas, CEO of Managed Portfolios, said.

PAM’s suite of wholesale model portfolios powered by Managed Portfolios are now available to advisers and clients.

“Managed Portfolios gives us the flexibility and control to efficiently manage model portfolios at scale while retaining the individual ownership and transparency our clients value. It’s an important step in evolving our investment offering,” Jessica Bell, Executive Director of PAM, said.