The lowdown on IMA P Apart from OneVue, the other principal sponsors of the Institute of Managed Account Providers are IRESS (which offers its own managed account administration solution), and two providers of model portfolios – Lonsec, which to date is better known for its fund ratings capabilities but has recently established a portfolio construction division, and Ralton Asset Management, one of those names all but unknown in the institutional space, yet which has a 10-year history of offering its Australian equities stockpicking capabilities through separately managed accounts. HUB24’s Pettiona says he will support IMAP and its mission to educate advisers and funds managers on the benefits of managed accounts. However he cautions the institute will struggle for traction if it talks too much about managed accounts in isolation, rather than as a component of a portfolio which will inevitably also include managed funds, exchange-traded funds and direct investments like term deposits. IMAP will offer different classes of subscription – advisers can join free, dealer groups can pay $275 each year for the right to attend ‘breakfast sessions’ held on alternating months (Perpetual CEO Chris Ryan is an upcoming speaker) while service providers can secure membership for $1100 per year.