NEO retains Ibbotson for implemented consulting
Morningstar division Ibbotson Associates Australia has gained an implemented consulting mandate from NEO Financial Solutions.
Ibbotson announced the mandate this week saying it had been named as the group's dedicated implemented investment consultant.
The announcement said Ibbotson would be providing NEO with a full range of retail investment consulting and advice capabilities, including investment committee and governance oversight; investment advice including asset allocation and portfolio construction; investment management; fund and equity research and selection; and dealer and practice management support.
It said this would provide greater investment management support to NEO advisers.
Commenting on the mandate, Ibbotson head of adviser services, Matthew Esler said the company looked forward to supporting the development of NEO's investment capability, practice management and advice process.
"NEO is the type of dealer group we want to work with, because it has a clear focus on delivering quality advice tailored to meet client needs," he said.
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.
