Avanteos enters strategic alliance
Wrap platform administrator Avanteos has entered into a white label agreement and strategic alliance with individually managed accounts specialist and active portfolio manager, Dalton Nicol Reid.
The two companies announced today that, at the same time, the strategic alliance would see Dalton Nicol Reid provide integrated portfolio management tools and expertise to Avanteos’ recently released managed account solution.
Commenting on the deal, Avanteos chief executive Chris Stevens said the strategic alliance complemented the managed account solution launched by Avanteos in October.
“We believe the combination of Dalton Nicol Reid’s experience in portfolio management of managed accounts together with Avanteos’ online managed account capability provides a compelling solution for any business looking to offer managed accounts to their client base,” he said.
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