Wednesday 23 June, 2014: Managed Accounts Holdings Limited, which owns managed discretionary account specialist, managedaccounts.com.au, will commence trading on the Australian Securities Exchange today, following the completion of approx. $3 million Initial Public Offering.
The Company will trade under the ASX code MGP. The Company raised 50 per cent more than the minimum subscription which is testament to the business model that is driving its future growth and organic opportunities.
Based in Sydney, managedaccounts.com.au is one of the largest independent managed account service providers in Australia with 25 clients and a solid pipeline of new business. It leverages the technology platform of global institutional provider SS&C technologies.
