BTFG chooses S&P over van Eyk Research
Van Eyk Research has lost another key contract, with BT Financial Group (BTFG) handing the investment research mandate for dealer groups Westpac Financial Planning and Magnitude to Standard & Poor’s (S&P).
Under the agreement more than 1,600 advisers across the BTFG network will have access to S&P research.
The contract spans managed funds, structured products, direct property, separately-managed accounts and exchange-traded funds research.
S&P described the new deal as an extension of its existing, longstanding relationship with St George’s advice businesses, which became part of BTFG as a result of the Westpac/St George merger in 2008.
Recently big listed dealer group Count Financial ended its long-term relationship with van Eyk Research, handing its mandate to Lonsec.
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