New mandates for OneVue Platform Services
OneVue has announced new clients for its platform services offering — MGD Wealth, Prosperum Wealth and what it describes as a "significant profit for member firm".
OneVue executive general manager for Wealth Management Services, Matt Lawler said the new client mandates followed on from record quarterly inflows of $310 million in the December quarter.
"OneVue's focus on developing a contemporary platform and managed account solution is garnering traction in the market especially after launching the FUND.eXchange initiative late last year," he said.
MGD Wealth is a Queensland-based specialist provider of integrated financial advice solutions to business owners, professionals, high-income earners, self-funded investors and professional advisers, while Prosperum Wealth is a Melbourne-based boutique advisory firm.
The OneVue announcement said it had been appointed by a well-established "Profit for Member" organisation to provide a white label of the OneVue platform to meet the growing demands of their members.
"MGD Wealth and Prosperum Wealth are two quality advisory firms and we are excited to partner with them," Lawler said.
"To also be selected by a "profit-for-member" organisation is significant as it demonstrates OneVue's capabilities."
Recommended for you
AMP has launched household consolidated reporting across multiple clients to North Interactive in response to adviser feedback.
ASIC has suspended the AFSL of a Sydney fund manager, which operates a managed investment scheme, over repeated failures to comply with licensee obligations.
Wealth Data has shared an updated ranking of the five largest Australian financial advice licensees, with just 59 advisers separating the firms in the lower half of the table.
United Global Capital complaints to AFCA have quadrupled since August and are highly likely to rise further as it retains membership for another six months.
