Faced with a need for greater efficiency due to increased regulatory pressures, the number of Australian advisers using managed accounts has risen meteorically. They have provided a powerful tool, assisting many businesses by freeing up advisers’ time and combating the compliance demands placed on the financial advice industry. Previously, most investment advisers deemed it too risky to entrust just one active investment manager with building a diversified portfolio for their clients. However, the widespread adoption of managed account solutions has shown a seismic shift in this...