Aust Unity adds SMA to Federation platform
Australian Unity has added new separately managed account (SMA) products to its Federation platform.
The company said the SMA products were the first in a new range of managed portfolios designed for Australian Unity Personal Financial Services (AUPFS) clients in a move that coincides with the recent launch of its superannuation offering, Federation Super, and its addition to the AUPFS approved product list (APL).
Commenting on the move, Australian Unity Personal Financial Services chief executive, Steve Davis, said the SMA would provide advisers with a streamlined way of providing consistent and transparent portfolio construction and rebalancing solutions to their clients.
He said AUPFS advisers would have exclusive access to three multi-asset managed portfolios — conservative, balanced and growth — with each adopting AUPFS's proactive asset allocation investment philosophy.
"The Federation platform offers advisers and their clients clear value for money and this, combined with flexible investment choices and the option for clients to become shareholders, makes it a unique offer in the platform market," Davis said.
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
