Sentry partners with OneVue on new SMA series
Financial planning group, Sentry, has partnered with platform provider OneVue to deliver a new range of separately managed accounts (SMAs) for Sentry advisers.
According to Sentry Group, up to 250 non-aligned professional advisers will be able to benefit from accessing the new suite of seven foreign portfolio investment (FPI) SMAs on the OneVue platform.
The Sentry group of adviser services had about $5 billion of funds under advice.
Sentry group executive chairman and chief executive, Murray Hills, said by expanding its private label range of platforms, advisers would now have access to more choices for their clients.
"Our SMA service has continued to gather momentum and the combination of this with our platform partner, OneVue, represents a compelling and different proposition for advisers and clients alike, while it still delivers value for money," Hills said.
Sentry said it had chosen OneVue as a partner because it allowed access to seven FPI SMA model portfolios on both its investor director portfolio service (IDPS) and super offering.
Recommended for you
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.