Trilogy on board with Netwealth
Trilogy Funds Management has announced its First Mortgage Income Trust has been integrated into the Netwealth Investments and Super Wrap Platforms.
Trilogy executive chairman Rodger Bacon said adviser demand led to the partnership and that it would not only mean an enhanced relationship with Netwealth, but also for several participating dealer groups that already use the platform.
Bacon said Netwealth is an all-in-one portfolio administration, transaction and reporting service that enables investors to track their investments.
“The platform provides advisers with an additional wholesale avenue to access Trilogy’s mortgage trust and, therefore, is a viable alternative for investors seeking consistent income yields while outperforming most term deposits currently available in the market,” he said.
Trilogy First Mortgage Income Trust is an open ended, unlisted mortgage trust comprised of a pool of registered first mortgages secured over residential, commercial and industrial real estate.
According to Bacon, the yield set for the trust in March 2008 was 8.62 per cent per annum net to investors, and it is expected to increase in coming months.
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