How do I convert my clients’ portfolios to Managed Accounts?
Advisers need to meet all their compliance obligations and ensure that a Managed Account addresses the needs and goals of their clients. If a Managed Account is an appropriate option for that client, an adviser has a choice – they can either recommend Managed Accounts at the client’s annual review. Alternatively, an adviser can adopt a ‘project based’ approach and convert appropriate clients in bulk. There are administration companies that can help with this.