Outlook Financial Solutions wins contract
Dealer group Outlook Financial Solutions has entered into an agreement with industry fund Professional Associations Superannuation Fund (PASF) to supply financial education and advice services to its 450,000 members.
The Snowball Group subsidiary will provide PASF members with the “full gamut of advice, from simple to comprehensive advice, with the focus on fund-centric advice during the accumulation stage”, according to managing director Tony McDonald.
“That’s because this is a fairly progressive suite of funds that has twigged to the idea that people need advice specifically to optimise their position within the fund, and we have developed a suite of advice templates for that purpose.”
He said the agreement was representative of a trend where well-run funds were realising that the costs, time, effort and appropriateness of providing advice was questionable.
Comprising RecruitmentSuper and Accountants Super (including SMARTpension and Australian Enterprise Super), PASF covers professional services.
Newly appointed PASF chief executive Megan Bolton described the agreement as “a testament to our commitment to engage with and provide value to our members”.
Recommended for you
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
Michael McCorry, chief investment officer at BlackRock Australia, has detailed how investors are reconsidering their 60/40 portfolios as macro uncertainty highlight the benefits of liquid alternatives.
Having reset its market focus to high-net-worth advisers, Praemium’s administration solution has been selected by Bell Potter in a deal that increases the platform's funds under administration by $6 billion.
High transition rates from financial advisers have helped Netwealth’s funds under administration rise by $3.7 billion in the fourth quarter of FY25.
