Managed Accounts chief executive David Heather made the comments as the company announced a revised timeline for its merger with rival administrator Linear, reported by InvestorDaily on 26 September 2017.
Under the new timetable, final due diligence and shareholder approval for the merger is expected on or around Friday, 20 October, with a Managed Accounts shareholder meeting scheduled for 9 November and settlement of the capital raising targeted for 14 November.
Linear will add portfolio administration and institutional services to Managed Accounts' armoury.
Managed Accounts is looking to raise $34 million to support the acquisition and integration of Linear, which Mr Heather said has attracted "significant interest" from institutional investors.
"We are positioned well for the current shift in the landscape towards managed accounts from non-discretionary solutions such as wraps," Mr Heather said.
"Shifts such as these are a one in a 15- or 20-year event and present tremendous growth opportunities for the combined entity.
"We have received positive support from clients, providers and existing shareholders for the merger and the benefits the combined entity can offer to existing and future new clients."
