INTHEBLACK September 2026 - Flipbook - Page 24
F E AT U R E
Managed accounts are
becoming the preferred
portfolio solution for advisers
due to efficiency, transparency
and professional oversight.
Strong growth continues, with
funds under management
nearing A$300 billion in
Australia and adoption rising
across advice practices.
ASIC is scrutinising the
sector, focusing on conflicts
of interest, challenges and
how they are being managed
as usage expands.
Managed
accounts
gain ground
Managed accounts offer financial advisers a scalable way to implement
professionally managed portfolios for clients seeking greater control.
However, questions are being raised about fee transparency, potential
conflicts and disclosure practices.
Words Tony Kaye
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24 INTHEBLACK September 2026
FINANCIAL ADVISERS ACROSS
Australia are increasingly using managed
accounts to build and manage investment
portfolios for their clients. There are several
reasons for this. Many advisers prefer them
because they provide an efficient way to give
clients access to a range of professionally
managed, low-cost model portfolios offered
by different fund and asset managers.
For clients, key benefits include directly
owning all the underlying securities inside
their personal managed account, which
ultimately gives them greater portfolio
transparency and investment flexibility.
Most importantly, because they
generally sit within a professional portfolio
management regime, managed accounts
can potentially provide greater consistency
and discipline in portfolio construction and
management than those managed on an
ad hoc basis by individual advisers.
Clients can customise their portfolios,
for example, by excluding certain companies
or sectors, aligning their investments with
