Managed Investment Account Service (ARSN 164 487 389)
This scheme was begun by Avestra Asset Management Ltd. ASIC appointed a provisional liquidator over Avestra in 2015.
At the meeting of unitholders of Managed Investment Account Service held on 17th December 2015 resolutions were passed to remove Avestra Asset Management Ltd as responsible entity and appoint Primary as responsible entity of the Scheme.
ASIC approved the change of responsible entity to Primary on 5th January 2016.
The scheme is an account based scheme which enables investment managers to efficiently invest client funds using their own program or mandate. The scheme is open and new investment managers are welcome to join and bring in their clients.