The Institute of Managed Account Providers (IMAP) has indicated it will release the sector's first managed accounts directory in a bid to develop the market faster and also signed with OneVue to continue its relationship as principal sponsor of the association.
The directory will be a comprehensive listing of Australian participants in the managed accounts space according to IMAP chief executive Toby Potter.
"Our aim is to bring together advisers, managers, platforms and other managed account service providers to help build a better industry faster," Potter said.
"IMAP will play a key role in the coordination of the industry's response to regulation, and having sponsors like OneVue to work alongside is increasingly important."
While OneVue will continue its role as principal sponsor IMAP is also sponsored by PR firm Chris Hocking Strategies, managed accounts provider Philo Capital Advisers, exchange traded funds provider Beta shares, legal firm The Fold, Commsec and consulting firm T&C.
OneVue head of platform strategy sales and service David Storm said the sponsorship of IMAP allowed the group to take a leadership position in the promotion and education of managed accounts which now have more than $15 billion in funds under management in the retail market, roughly on par with the ETF sector.
