Summit to offer online trading

advisers/AXA/

30 November 2000
| By John Wilkinson |

The Summit master trust is to provide on-line share trading through a deal struck with Sanford.

The Investor Directed Portfolio Service (IDPS) will be rolled out to advisers during the next couple of months.

AXA marketing general manager Richard Shermon says the company wants advisers to be on-line to the stock exchange.

"Accredited advisers will now be able to offer stock trading as part of their overall service to clients," he says.

Summit provides access to 300 advisers and has about 16,000 clients.

"We are taking on-line broking to the suburbs, bringing access to the world markets, as part of an overall financial plan, to Summit customers," Shermon says.

"IDPS places a highly sophisticated solution on the desktop of advisers in a very cost-effective manner."

Summit has about $2 billion of funds under administration.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 4 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 2 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND