Ausure places simpleWRAP on APL
Relatively new platform, simpleWRAP has been added to the Approved Product List of insurance-focused dealer group, Ausure Financial Services (Ausure).
Ausure general manager Jeff Haydn confirmed the arrangement this week, saying his group's growing number of financial advisers had been seeking alternatives to the products of the major institutions.
"After considerable due diligence, simpleWRAP ticked all of the adviser and dealer group requirements," he said.
According to the joint announcement released by simpleWRAP and Ausure, the platform will be the preferred vehicle for the dealer group's high net worth investors.
simpleWRAP was launched in the middle of 2011, positioning itself as a full service administration wrap with a flat fee pricing model.
At the time of the launch, simpleWRAP director Krystina Weston said the service would charge a flat fee - irrespective of account balances - which would mostly benefit investors with larger investments.
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