MLC’s managed accounts strategy hits $1bn

Yasmine Raso

Senior Journalist, Financial Newswire

28 April 2023

MLC Asset Management’s Managed Account Strategies offering has exceeded $1 billion in funds under management (FUM) since it was launched in 2020.

This comes as the Institute of Managed Account Professionals (IMAP)’s Census of Managed Account FUM confirmed inflows of over $10 billion and FUM of $144.5 billion in the six months to December 2022.

“We are thrilled with the success and popularity of these strategies, which combine our best thinking on asset allocation with a disciplined investment process,” MLC’s General Manager Direct Capabilities and Specialist Investment Services, Jason Komadina, said.

“Our goal with these strategies was to create a high performing solution that would be easy for advisers to work with and explain to clients. We have found this is in line with the broader industry wanting to make the advice journey more efficient and seamless for both advisers and their clients.”

MLC AM’s managed accounts offering was also recently expanded to include both conservative and high growth options in line with its mission to cater to different client goals, needs and fee expectations and growing adviser demand.

“It’s exciting to see the managed accounts industry go from strength to strength. Advisers value the access these strategies provide to their clients, so advisers can professionally manage strategies with transparency and facilitate direct ownership of underlying investments,” MLC Portfolio Manager, Anthony Golowenko, said.

“Our highly experienced and passionate team of investment professionals tailor and manage the multi-asset diversified strategies to deliver consistent outcomes for clients. We see this $1 billion as the beginning of our Managed Account Strategies journey.

“Through our active approach we moved to increase the resilience of our portfolios last year in the face of rapid interest rate rises, particularly in our diversified fixed income capability. It’s this great flexibility that sees us well equipped to position the portfolios for what could be a more turbulent year ahead.”

MLC AM is also the only manager to have received an ‘Outstanding’ rating from SQM Research for its Managed Accounts Strategies suite.