IRIS tops milestone FUM target
Geoff Lloyd
Boutique dealer group IRIS Financial Group has reached a milestone $500 million in funds under management on the Asgard Wealth Solutions’ platform, two years after the two companies entered into a partnership.
In terms of the March 2005 partnership, Asgard has provided dealer services and platform support to IRIS’ network of 30 planners, as well a range of premium advice services.
Asgard chief executive Geoff Lloyd described the “milestone achievement as an illustration of Asgard’s dealer to dealer capability and partnership approach”.
“We are committed to supporting independent financial advisers and the specialised needs of that sector through our platform capabilities and initiatives such as AdviserNETgain.”
Recommended for you
The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered.
Rather than taking a controlling approach, the latest generation of overseas private equity deals is helping advice firms to achieve their growth ambitions, three commentators have said.
Private wealth firm Fitzpatricks Group has appointed a newly created head of product, who previously spent 20 years at CFS, to bolster its range of investment options.
The Financial Services and Credit Panel has made a written direction after advice regarding non-concessional contributions meant an individual was forced to withdraw over $330,000 from their super.
