Beacon signs on with OneVue
Newly-formed dealer group Beacon Financial Group has signed on to use OneVue’s Unified Managed Account (UMA) investment platform.
Beacon managing director Peter Daley said the dealer group was attracted to OneVue as it was not institutionally aligned and therefore had no conflicts of interests in the manufacture of products and its approved product list.
“We are an advocate for independent financial services companies and I’m excited about the new alliances we’re forming,” he said.
“We don’t impose mandates on products and platforms, and we believe advisers should be free to look at whatever options are available and in the best interests of clients.”
Recently, former Professional Investment Services managing director Robbie Bennetts signed with Beacon and took a stake in the dealer group.
Daley departed as Australian Financial Services chief executive in May last year. Beacon resulted from the merger between The Financial Link Group and Titanium Group earlier this year.
Recommended for you
AFCA has confirmed United Global Capital’s membership of the body will not be extended to accept further complaints, avoiding a repeat of the Dixon Advisory scenario.
Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.
Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
