Asgard’s Infinity passes $2 billion FUM
Asgard's Infinity eWRAP reached a milestone this week – passing $2 billion in funds under management.
The achievement was announced by BT Financial Group head of platforms Kelly Power, who attributed the passing of the milestone to the platform’s popularity among financial advisers.
“Surpassing the $2 billion milestone in less than a year since launching in October 2011 is a testament to the strength of the Infinity offering,” she said.
Power claimed the Infinity offering was unique in the market because it allowed clients to pay only for what they used, making it particularly appealing to those with low balances or specific investment needs.
She said the platform had been designed with the Future of Financial Advice reforms in mind.
Recommended for you
HUB24 has taken an equity stake in Finura Group’s digital arm to accelerate the development of its SaaS platform, triggering the separation of Finura’s advisory business.
Coastal Advice Group has announced a rebrand to mark the next phase of the firm as it pushes to hit a target of 15 acquisitions in FY25-26, expanding its national reach across Australia.
Despite the advent of new advice technologies which promise to streamline the adviser-client relationship, research by Praemium and CoreData has found the trust and human relationship is most valued by clients.
The FAAA has written to over 2,000 affected members to warn them of the upcoming education deadline with the organisation warning the numbers yet to meet the requirements are “very, very high” with just six weeks to go.
