Are managed accounts going to become the default architecture of financial advice in Australia? Based on current momentum, North certainly thinks so.

As outlined in North's inaugural Managed Portfolios Insights Report, use of managed accounts in Australia is emulating that of other developed nations, including the US and UK.

As a result, financial advisers are providing advice more efficiently and formulating better performing portfolios. But there remain plenty of financial advisers that are hesitant to adopt managed accounts, with only 25-30% of advised assets currently sitting within these structures.

Here, AMP general manager, managed portfolios and investments David Hutchison explains where the uncertainty stems from and why those sitting on the fence should consider diving right in.

Find out more in the article.