OneVue signs platform deal with Eureka Report
Investment technology group OneVue has signed a five year contract to provide a badged platform to online investment and research service the Eureka Report.
OneVue's deal with the New Limited owned service will result in it providing a self-managed superannuation fund (SMSF) service, a retail superannuation product and the ability to manage non-superannuation assets through the platform, which has been badged as brightday.
The offering will be made available to subscribers of the Eureka Report and will allow them to access investment management, superannuation and pension plans.
OneVue Group chief executive Connie Mckeage said the deal was an extension of its work in providing technology and investment services to groups that work with investors and was complementary to both in that "Eureka Report understands investors and their financial aspirations, OneVue understands wealth and technology".
"This strategic relationship with Eureka Report is part of a broader growth plan for OneVue. We are accelerating investment in our platform services division to create a step change in the industry.
Eureka Report Executive General Manager James Leplaw said brightday was pitched at consumers "with low superannuation balances who currently feel locked out of improving their financial future" and would allow them to have greater control of their retirement savings while making more informed investment choices.
AUTHOR
Jason Spits
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
