SEARCH
Shartru Wealth set to launch MDA service
Shartru Wealth set to launch MDA service
Self-licensed advice firm Shartru Wealth is set to launch its own Managed Discretionary Accounts (MDA) service in order to better serve its clients.
Speaking to Adviser Innovation's sister publication ifa, Shartru Wealth chief executive said the self-licensed firm will be launching its own MDA after 12 months of putting the service together.
Developing the service with the assistance of Managed Accounts Holdings, Mr Coyte explained that after initially looking at what the services can offer, he now believes MDAs are the "the only way forward" for investments.
"What we needed to do is find some middle ground, and the MDA has been great at being able to find a whole lot of solutions that we can facilitate for clients," Mr Coyte said.
Mr Coyte also said that Shartru Wealth is also looking to expand its advice network - which currently has 12 advisers - and also target accountants who are rushing to find a solution to meet the changing regulatory requirements for superannuation and SMSF advice.
"We don't equate good financial planners as those that necessarily generate the most revenue or appear in the media singing their own praise. We consider the best advisers are those that seek the best possible advice alternatives and solutions for their client."
"The only criteria we have in regards to joining Shartru Wealth is their philosophy and attitude towards providing advice," Mr Coyte said.
Mr Coyte added that a lot of advice firms feel the need to solve their licensing problems by self-licensing, but the time and costs required to manage a license can be quite onerous.
Instead, Mr Coyte explains that advisers should consider joining an AFSL that reflects the same objectives and goals they want for their business.
"The real saving or benefit by joining like-minded advisers is the scale you get in other areas including opportunities for your clients and your business," he said.
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
latest articles
OUR PLATFORMS AND BRANDS
- Accountants Daily
- Accounting Times
- Adviser Innovation
- Australian Aviation
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Center
- Investor Daily
- Lawyers Weekly
- Money Management
- Mortgage Business
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- Which Investment Property
- World of Aviation
EVENTS AND SUMMITS
- Accountants Daily 30 Under 30 Awards
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian Aviation Awards
- Australian Broking Awards
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Space Awards
- Australian Space Summit
- Better Business Summit & Awards
- Corporate Counsel Summit & Awards
- Cyber Security Summit & Awards
- Defence Connect Budget Lunch
- Defence Connect DSR Summit
- Fund Manager of the Year Awards
- ifa Excellence Awards
- ifa Future Forum
- Investor Daily ESG Summit
- Lawyers Weekly 30 Under 30 Awards
- Lawyers Weekly Women in Law Forum
- Mortgage Business Awards
- New Broker Academy
- Partner of the Year Awards
- REB Awards
- Reinnovate
- SME Broker Bootcamp
- SMSF Adviser Technical Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Law Awards
- Accountants Daily Podcast Network
- The Adviser Podcast Network
- Australian Aviation Podcast Network
- Defence Connect Podcast Network
- HR Leader Podcast Network
- The ifa Show
- The Lawyers Weekly Show
- Mortgage Business Podcast Network
- REB Podcast Network
- Relative Return
- The Smart Property Investment Show
- Space Connect Podcast
PODCASTS
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
