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
- Broker Daily
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Centre
- Investor Daily
- Lawyers Weekly
- Money Management
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- World of Aviation
EVENTS AND SUMMITS
- ACE25 The Accounting Conference and Exhibition
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian AI Awards
- Australian Aviation Awards
- Australian Aviation Summit
- Australian Broking Awards
- Australian Cyber Awards
- Australian Cyber Summit
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Law Forum
- Australian Space Awards
- Australian Space Summit
- Australian Wealth Management Awards
- Australian Wealth Management Summit
- Better Business Awards
- Better Business Summit
- Broker Innovation Awards
- Broker Innovation Summit
- Budget Summit
- Commerical Finance Awards
- Corporate Counsel Summit
- Defence & National Security Workforce Awards
- Fund Manager of the Year Awards
- ifa Excellence Awards
- Lawyers Weekly 30 Under 30 Awards
- New Broker Academy
- Partner of the Year Awards
- Partner Summit
- REB Awards
- Rising Star Awards
- SME Bootcamp
- SMSF Technical Strategy Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Finance Summit
- Women in Law Awards
- Women in Law Forum
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
