Advance funds given a wrap
Advance Funds Managementhas had a number of its funds selected for inclusion on theBTSuperWrap platform and the newSymetryPortfolio Service.
The funds selected for the BT SuperWrap were some of Advance’s flagship wholesale funds, the Australian Geared Equity Fund, the Australian Shares Fund and Australian Smaller Companies Fund.
The wholesale funds selected for the Symetry platform included the three selected for the BT SuperWrap as well as six other funds managed by the group.
Advance Funds Management head of products Eamonn Roles says Advance is delighted that it is getting product on BT SuperWrap, which he says is one of the most rapidly growing platforms in the market.
Roles says the success of the funds is due to their strong value proposition, and that the inclusion reflects well on the manager’s product development capabilities, as some of the funds were only released at the end of 2002.
The increasing product penetration, according to Roles, will be able to deepen the relationships the group has with dealers and advisers.
The other funds selected for the Symetry platform included the Advance imputation, income and growth, income extra, international share market, property securities, and world wide shares funds.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
