IOOF answers demand for more investment options
IOOF has answered the demand for increasingly popular asset classes by adding over 70 investment options to its flagship platform, Pursuit Select.
IOOF believes the additions better place the platform to meet demands for asset classes such as protected cash, infrastructure, commodities and alternatives, as well as a wide range of specialist sectors.
According to IOOF, a key challenge in the design of the new investment menu was balancing choice with concise and easy navigation.
IOOF uses a ‘best of breed’ approach to investment choice, balancing the quality and quantity of its funds, IOOF head of product and marketing Nick Everingham said.
“Some platforms overwhelm their clients with hundreds upon hundreds of choices and many of these are low quality funds. At the other extreme are those with severely limited choice – or those that simply don’t’ review their options regularly enough,” Everingham said.
The new Pursuit Select investment menu is divided into nine major asset classes with 22 sub-classes. Pursuit Select now has 192 investment options across the nine asset classes.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
