Lifespan Financial Planning has launched 30 model portfolios onto the BT Panorama platform.
The managed discretionary account (MDA) portfolios covered a range of risk profiles and enabled investment in strategic asset allocation portfolios with the option to blend tactical asset allocation as well.
BT Panorama housed 10 Lifespan strategic asset allocation portfolios, and 20 pre-blended strategic and tactical asset allocation combinations, which included a range of low-cost index options.
Chief executive, Eugene Ardino, said it would help broaden Lifespan’s reach to more advisers and clients. The firm currently had more than $450 million in MDA services for over 1,500 clients and the firm expected use of managed accounts would jump from 37% of advice practices to 52% by 2022.
He also said MDAs had been able to adapt to market volatility and were able to be moved quickly across a whole client base to either protect portfolios or take advantage of buying opportunities.
“We’re looking to boost the availability of MDAs to the adviser community, as advice business and adviser use of managed accounts and portfolios increases,” Ardino said.
“Adding 30 of our model portfolios to one of the fastest growing retail platforms in Australia is a great way to do that.
“The popularity of managed accounts is being driven by the benefits they provide advisers and their clients, such as reduced back-office burden, the ability to run a tactical overlay for downside protection and reduced business and compliance risk.”
