Skandia and ABN Amro cut distribution deal
Australian Skandiawill open access to its products toABN Amro Morgans’s300 national financial advisers in a deal cut between the two financial services outfits.
Effectively, clients of ABN’s planners will have access to Skandia’s full suite of products, according to a statement issued by Skandia today.
ABN Amro director of financial planning David Codey says Skandia was selected because of “their quality in terms of the technology platform, the depth and range of fund managers”.
Skandia managing director Ross Laidlaw says the company prides itself on developing cutting edge technology that enables flexible solutions.
“We welcome the opportunity of working with ABN Amro Morgans to provide our product offerings to their clients,” he says.
ABN Amro’s advisers operate out of 36 offices nationally. Skandia has $185 billion in assets as of the end of March this year.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
