Centrepoint and CFS platform reaches $1b
Centrepoint Alliance has announced that its partnered platform solution, Investment Exchange, has reached $1 billion in funds under administration (FUA).
Centrepoint's group executive for investment solutions, Mat Walker, said the growth had been due to the open architecture approach to support non-aligned dealers, advisers, and their clients.
"We focus on partnering with global administration providers and investment managers who can deliver rich tailored features at a competitive price. We then complement this with training, support, and integration in IT, and advice processes," Walker said.
"This enables us to deliver additional benefits at lower prices to advice firms who want choice and are seeking to deliver on the ‘best interests' advice strategies developed for their clients."
The platform partnership is between Centrepoint Alliance and Colonial First State.
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