WealthFocus expanded
Perpetual has added 15 additional funds to its flagship platform, WealthFocus, expanding the menu of available funds to 76.
Perpetual general manager of platforms Gai Ferrington said the expansion in the number of funds coincided with the recent changes to the platform that allowed investors to move between investment options without incurring capital gains tax.
Ferrington said no other platform had an equivalent number of funds that were as highly rated as those of WealthFocus.
“Advisers are now able to build portfolios from 76 highly rated funds, including more than 50 externally managed funds and 19 Perpetual funds,” she said.
According to Ferrington, of the 76 investment options offered, 26 are van Eyk ‘A’ or ‘AA’ rated and 49 are Lonsec ‘recommended’ or ‘highly recommended’ funds.
“Each year we conduct a review of the performance and ranking of all the funds on WealthFocus and we are pleased that we have been able to expand the selection to 76 high quality funds.”
The 15 new funds added to the WealthFocus platform include Aberdeen Core Plus, AMP Capital Sustainable Share, Ausbil — Australian Active Equity, BlackRock Balanced, BT International Share, BT Property Securities, GMO Global Equity, Lazard Global Listed Infrastructure, Macquarie Income Opportunities, Perpetual Global Resources, Solaris Core Australian Equity, Templeton Global Equity, and the van Eyk Blueprint Capital Stable, Balanced and High Growth funds.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
