Count onboard new Skandia platform

platforms BT dealer groups westpac chief executive

28 January 2003
| By Jason |

CountWealth Accountantshas signed withAustralian Skandiato make use of the group’s new platform, which it plans to formally launch in mid-February.

The platform deal is the third for Count, with its advisers now being able to chose from the Wealth-e-account, which is a badged version of the BT Wrap,Colonial’s First Choice platform and the yet-to-be named Skandia master trust vehicle.

Australian Skandia chief executive Ross Laidlaw says the platform is already in use in the general market by about 250 advisers across 100 dealer groups. However, the product to be used by Count will offer an upgraded range of superannuation and managed investments options.

Laidlaw says the full details, including pricing, would be announced in February ahead of a rollout in March and April to Count advisers.

The deal with Count also marks a move for the platform from the boutique to the mid- and large-scale advisory groups.

“We have focused on boutique players with the platform, but the deal with Count indicates that we are also looking at mid to large players to make use of the platform,” Laidlaw says.

Count Wealth Accountants managing director Barry Lambert says the group made the decision to add the third platform because it gave its advisers access to managed fund products not currently available through the two existing platforms.

Lambert says the Skandia platform is not expected to impact on existing wealth-e-account balances, and that Count still retains good relationships with BT and its parent, Westpac.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

2 days 20 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 week ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 5 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

3 weeks ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

6 days ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

5 days 3 hours ago