The future for Managed Accounts requires more than just Managed Accounts

Stephen Romic recently presented to the Institute of Managed Account Providers, discussing how technology will increase investor power and make Advisors more accountable to clients in terms of their portfolio management services. Stephen explains that product-based approaches will increasingly come under pressure, as investors will have the seamless ability to input and compare their portfolio performance against a plethora of benchmarks . The focus on operational efficiency, while important to Advisors, will move towards providing genuine portfolio management services that are robust, defensible and valued by investors with much higher levels of accountability, transparency and engagement.