Managed portfolios fit for post-FOFA

14 September 2016
| By Hope William-Smith |
image
image
expand image

Australian Unity Personal Financial Services (AUPFS) clients will now have access to three multi-asset managed portfolios as part of a new range of managed portfolios added to the Federation Alliance platform.

Federation Alliance chief executive, Alan Kenny, said that initiatives for driving efficiency were the key to moving forward in a post-Future of Financial Advice (FOFA) environment.

"In a post-FOFA world, advisers need to be even clearer in relation to meeting their obligations," he said.

"There is a place for both institutional and independent platform models — the key for us is to give our advisers and clients the choice."

AUPFS chief executive, Steve Davis, agreed that efficiency of service and delivery should be the key target for advisers and planners moving forward.

"The administration for advisers significantly increased under the FOFA regime," he said.

"Helping advisers operate a more efficient practice is now even more important."

The launch of the new portfolios coincides with the recent unveiling of Federation Super and its addition to the AUPFS approved product list. The portfolios were now available as separately managed accounts (SMA) on the Federation platform.

"The SMA provides advisers with a streamlined way of providing consistent and transparent portfolio construction and rebalancing solutions to clients," Davis said.

"The Federation platform [is] a unique offer in the platform market."

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 5 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

17 hours 48 minutes ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 3 days ago