AFS Group launches UMA
|
|
Adviser-owned dealer group Australian Financial Services (AFS) has launched a new unified managed (UMA) service in conjunction with technology company OneVue and superannuation software and compliance provider BGL Corporate Solutions.
The group said the service, called UMA Select, is part of a broader range of services it will begin offering to its advisers this week to assist them in managing self-managed super funds for clients.
AFS chief executive and managing director Peter Daly said the dealer group was seeking to give its advisers the “ability to take control and better tailor their clients’ investments”.
Daly said UMA Select offered an extensive investment menu and would allow advisers to trade in direct shares, managed funds and managed accounts.
Daly said advisers were demanding “easier access to their clients’ portfolios, more timely information and better reporting”.
Recommended for you
With AMP advisers moving to Entireti and Insignia being the subject of a private equity bidding war, how can deals be navigated to ensure minimal stress and uncertainty for staff and advisers?
There are seven key mistakes that financial advice businesses need to steer clear of in 2025 to avoid hindering their business growth and profitability, according to Adviser Ratings.
The FAAA has secured CSLR-related documents under the FOI process, after an extended four-month wait, which show little analysis was done on how the scheme’s cost would affect financial advisers.
While advisers are increasingly eyeing private markets and alternative investments, two reports have underlined the lack of investor understanding that persists among both advisers and clients.
