May 26, 2016: Self-licensed advisory firm Knight Financial Advisors has unveiled a Managed Discretionary Account (MDA) service built in partnership with listed managed account operator Managed Accounts Holdings Limited (MGP), which will replace the licensee’s proprietary investment administration system and see up to $300 million transitioned to the new solution.
The Perth-based practice, which has successfully run MDA portfolios for almost a decade, engaged MGP subsidiary managedaccounts.com.au late last year to build a customised solution that enabled the dynamic, professional management of portfolios while minimising repetitive, manual administration; lifting back office efficiency and releasing the group’s four advisers to spend more time in front of clients.
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