Adviser testing prompts change.
Adviser testing was part of the process that has seen Financial Services Partners Portfolio Services decision to change its superannuation administration and custody providers.
FSP Portfolio Services has appointed Oasis Asset Management to administer its superannuation and IDPS products, with HSBC picking up the custody role, replacing Advanteos.
In a statement issued this week, FSP said the move to Oasis would occur by April next year, and that FSP Portfolio Services would continue to work with Advanteos in the interim.
It said the move to Oasis had been a considered one that followed a due diligence process and was not a reflection on Advanteos.
Commenting on the move, FSP chief executive Geoff Rimmer said part of the process involved user testing within FSP adviser firms, which produced positive results.
AUTHOR
Mike Taylor
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