Asgard's eWrap reaches milestone
Asgard has announced that its Infinity eWRAP product has reached a milestone in less than 120 days since launch - surpassing $500 million in funds under administration.
The reaching of the milestone was announced this week by Asgard head of product Kelly Power, who said Infinity eWrap had succeeded in providing financial advisers with a transparent and low-cost platform solution.
"The $500 million milestone and our ability to attract experienced financial advisers onto the platform reflects the strength of the Infinity offering," she said.
"As more advisers build off the traditional managed fund proposition to the combination of equities, ETFs, SMAs and insurance, they want a flexible and seamless platform solution that makes this easy to implement," Power said.
She claimed the fact there were no administration fees for cash and term deposits had proved extremely popular, especially in the super and pension structures.
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