FlexiPlan grows funds under management
Australian discretionary master trust FlexiPlan has recorded $3 billion for its funds under management, representing an 80 per cent increase in funds under admini-stration during the past 12 months.
Australian discretionary master trust FlexiPlan has recorded $3 billion for its funds under management, representing an 80 per cent increase in funds under admini-stration during the past 12 months.
FlexiPlan chief executive officer Garry Mulcahy attributes the company’s success to its back office service for advisers and their clients and the company’s broad in-vestment and product range.
Mulcahy says advisers have the choice of choosing a tax structure, investments, re-port timing, stockbroker relationships or retirement income streams for their cli-ents.
“For advisers, FlexiPlan offers consolidated reporting and administrative simplicity and efficiency that gives them more time to provide professional advice. Informa-tion and reporting is also available on-line for advisers through FlexiPlan’s com-prehensive website,” he says.
He says FlexiPlan is a good solution for investors who want flexibility with their investments and the ability to select their own investment portfolio with the assis-tance of their adviser.
“FlexiPlan offers an integrated administration service, which provides investors with a choice of private deed or master trust that will best suit their circumstances,” he says.
FlexiPlan has been an industry player since the early 1990s. Mulcahy plans to build the business to more than $6 billion under administration by 2004.
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