March 21, 2018 12:05 AM ET

Diversified Financial Services

Company Overview of Managed Accounts Holdings Limited

Company Overview

Managed Accounts Holdings Limited, through its subsidiaries, provides managed discretionary account solutions in Australia. The company’s solutions enable financial planning groups to implement managed account solutions for their clients with control over investments, fees, branding, and asset types. It also provides outsourced investment administration and asset consulting services. The company serves independent financial advisers, stockbrokers, investment managers, and institutional clients. Managed Accounts Holdings Limited was founded in 2004 and is based in Sydney, Australia.

28 Margaret Street

Suite 1

Level 5

Sydney, NSW 2000


Founded in 2004


61 2 8006 5900


61 2 8221 9849

Key Executives for Managed Accounts Holdings Limited

Chief Executive Officer
Total Annual Compensation: A$233.3K
Executive Chairman
Age: 68
Total Annual Compensation: A$77.3K
Executive Officer & Acting Head of Information Technology
Total Annual Compensation: A$147.3K
Head of Information Technology
Total Annual Compensation: A$96.2K
Head of Product
Total Annual Compensation: A$36.1K
Compensation as of Fiscal Year 2017.

Managed Accounts Holdings Limited Key Developments

Managed Accounts Holdings Limited Reports Consolidated Earnings Results for the Half Year Ended December 31, 2017; Provides Earnings Guidance for the Fiscal Year 2018 and 2019

Managed Accounts Holdings Limited reported consolidated earnings results for the half year ended December 31, 2017. For the year, the company reported revenue of AUD 4.7 million compared to AUD 3.3 million a year ago. LBITDA was AUD 0.9 million compared to EBITDA of AUD 0.6 million a year ago. NLAT was AUD 1.2 million compared to NPAT of AUD 0.4 million a year ago. NLATA was AUD 0.8 million compared to NPATA of AUD 0.4 million a year ago. Statutory EBITDA loss is due to a small operating loss in Linear and an investment in sales and compliance executive resources. Negative operating cash flows were AUD 1.7 million compared to operating cash flows of AUD 0.9 million a year ago. Payment for intangibles was AUD 0.6 million compared to AUD 0.8 million a year ago. Basic and diluted loss per share was 0.65 cents against diluted EPS of 0.28 cents a year ago. Loss before income tax was AUD 1,530,718 against profit of AUD 609,220 a year ago. Payments for property, plant and equipment was AUD 5,825. Net tangible assets per ordinary security were 2.27 cents against 3.74 cents a year ago. The company provided earnings guidance for the fiscal year 2018 and 2019. For the fiscal year 2018, the company expects underlying EBITDA of AUD 1.5 million to AUD 2.3 million. For the fiscal year 2019, the company expects underlying EBITDA of AUD 7.5 million to AUD 8.5 million.

Managed Accounts Holdings Limited Announces Permanent Role of Craig Giffin as Head of Risk and Compliance

Managed Accounts Holdings Limited announced acquisition of 100% of the shares in Linear Financial Holdings Pty Ltd. (Linear) and merger of the businesses. Management have found that the overall transition of staff and operations has been progressing smoothly and efficiently during the first thirty day period of the integration process. Following on from the merger, the CEO, David Heather continues to finalise the Executive Team to complement Tony Nejasmic as Head of Distribution and Marketing. Craig Giffin, who has been on a contract basis with MGP since February 2017, has moved into a permanent role as MGP's Head of Risk and Compliance. Craig has over 30 years' experience in risk management and compliance having previously held global and Australian/Pacific leadership and director roles across in firms specialising in asset management, wealth management and integrated financial services businesses.

Managed Accounts Holdings Limited Announces Board Appointments

Managed Accounts Holdings Limited has added two new directors to its Board following its successful acquisition of Linear Financial Holdings Pty Ltd. (Linear) this month. MGP Executive Chairman, Don Sharp, said the MGP Board welcomed Linear co-founder and executive chairman Colin Peterson, and Linear director Stephen Reed as new leaders of the merged entity. Mr. Peterson is a co-founder of Linear who has woked at the firm since it began pioneering administration solutions for the stockbroking and institutional markets in 2006. He has over thirty years' experience working in Australia's financial services industry, including financial planning and funds management where he first recognised the power of platform supported non-unitised models for portfolio management and administration. The company has also appointed Craig Giffin as an additional Company Secretary.

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