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Managed accounts data standards group to be set

admin, November 2017

November 2017

The Institute of Managed Account Professionals (IMAP) has announced the establishment of an industry working group to develop data standards for the exchange of managed accounts model data.

The firm said platforms and other managed account providers have developed proprietary approaches to providing model data and managers have reported finding it difficult to meet the various data requirements, adding these challenges would increase as the number of managed account services increased.

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