IOOF launches new MDA solution
IOOF has launched its new Managed Portfolio Service (MPS), a managed discretionary account solution designed to support advisers in delivering value to their clients with flexible, high-quality portfolio construction and implementation capabilities through a centrally managed solution that is actively monitored and maintained.
IOOF general manager, Mark Oliver, said the MPS, which was launched on IOOF’s flagship Pursuit platform, was the first managed account solution to be fully integrated with XPLAN, including advice documentation generation and the management of client accounts with built-in reminders for client reviews.
“IOOF is an advice-led business that recognises the value advisers place on choice, service and flexibility across the products and services they access to deliver value to their clients,” he said.
“We are uniquely positioned to provide a range of quality solutions through our open architecture model to support a variety of advice propositions and implementation preferences.”
MPS was currently available to Bridges Financial Services and Consultum Financial Advisers through Pursuit, but it was anticipated the solution would be offered to the broader market through other external platforms.
Recommended for you
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.
The financial services technology company has appointed two non-executive directors following its AGM earlier this year, where it flagged it would embark on a board renewal process.
Several wealth management companies have been selected as finalists at the inaugural awards, which champions those who have transformed the Australian economy with their AI solutions.