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”.
AUTHOR
Recommended for you
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
WIth only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
As the government announces a public inquiry into the collapse of Dixon Advisory, risk adviser Richard Silberman has detailed the three areas that typically lead to an AFSL's collapse.
