Partners Group and Multiport combine for Unified Managed Accounts

Partners Group, a boutique multi-disciplined business and financial advisory practice has joined with Multiport to provide a unified managed account solution for its client base. The solution, known as Adviser Portfolio Solutions Managed Account Service combines an offering of 7 (seven) model portfolios operating under a discretionary account service with administration of a wide range of assets held by client portfolios.

Chris McMahon, CEO of Partners Group announcing the new service stated that “We have been searching for a better solution for our clients given the requirements of our higher net worth client base and their preference for direct investing. We wanted a managed account service that had the flexibility to work with us to meet our needs. Multiport provided that.”

The service offers five risk based diversified model portfolios (defensive, moderate defensive, balanced, growth and high growth) and two equity based model portfolios. The portfolios include, income securities, listed shares, ETFs and managed funds.

“We intend to transfer a large part of our client base into the service. We also provide investment advisory services to a large number of accounting practices who are attracted by the tax efficiency, lower cost and transparency of the service. ” McMahon said.

Clients will also be able to hold assets in the service outside of the model portfolios including shares, term deposits, managed funds, properties and a range of other assets. The service can also add efficiencies to clients and accountants who administer self managed superannuation funds.

John McIlroy, CEO of Multiport indicated that “our unified managed account solution offers practices the ability to provide a private labelled discretionary service to clients which can be operated efficiently while also providing for the administration of all other assets.

There is no doubt that there is increased interest in the managed account space and this type of solution can be ideal for practices specialising with high net worth clients and SMSFs.”

For more information contact Chris McMahon on 03 8508 7800 and John McIlroy on 02 9230 0177.