Perpetual rolls out portfolio wrap service
Perpetual Limited has completed the roll-out of its enhanced portfolio wrap service within in its Perpetual Private personal advisory business.
Completion of the project was announced this week by Perpetual chief executive Geoff Lloyd, who said it marked an important step in the company's so-called Transformation 2015 program.
He claimed it would fundamentally modernise Perpetual Private's service offering via the third party provision of portfolio and fiduciary administration services for clients.
"The decision to appoint an external administration partner and have instant access to increased scale, rather than incur significant and continued maintenance and development spend ourselves, is entirely in line with our ‘simplify' objective," Lloyd said.
He said Perpetual also gained an advantage by discontinuing commoditised administration activities so that it could refocus on the provision of advice to its target client segments.
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