Yellow Brick Road selects OneVue for UMA
Wealth management firm Yellow Brick Road (YBR) will partner with technology provider OneVue to offer Australian retail investors a new universal managed account (UMA).
This decision follows an extensive tender process that started in January to find the most comprehensive and cost effective technology service provider.
The head of YBR and founder of Wizard Home Loans, Mark Bouris, said the new offering would allow investors to manage all their investments and asset classes through one account.
Bouris said he was pleased to offer consumers “a more efficient and transparent approach to managing their investments”.
“Historically, solutions like this have only really been available to high-net-worth investors — this will be the first time that this option is available to investors at all levels,” he added.
The UMA will allow YBR clients to integrate their share portfolios, bonds, managed funds and non-investment products like home loans and insurance under one platform.
YBR has 27 branches across Sydney, Melbourne, Brisbane, the Gold Coast and the Sunshine Coast, as well as one in Singapore. It hopes to have 50 branches operating by the end of the year.
AUTHOR
Ashleigh McIntyre
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