Self-managed superannuation funds (SMSF) and managed accounts specialist Multiport has passed a milestone, declaring that it has reached $150 million in funds administered on its managed accounts service.
Multiport chief executive John McIlroy attributed some of the growth in the managed accounts service to continuing uncertainty within investment markets.
"With the Future of Financial Advice (FOFA) reforms and ongoing market volatility causing many financial planners to look at ways to create or improve value for their clients, managed account solutions are being looked at more closely," he said.
McIlroy said his company was providing the managed account service integrated with its SMSF administration solution.
