Beacon signs on as super fund distributor
Beacon Financial Group has signed on to be the first distributor of new superannuation fund and investor directed portfolio service (IDPS) offering, Endeavour Master Super Fund.
Beacon has signed on OneVue's Luminous as its platform, and integrated it with SMA Manager's super administration services.
Beacon managing director, Peter Daly said having OneVue's support would broaden the reach for Endeavour into the advised and self-directed markets. He added that OneVue would provide mid-back office support.
"The move to Endeavour Super will take us to the next level of functionality and support for advisers and new clients outside our existing network," Daly said.
The Endeavour Master Super Fund includes 500 managed funds and the ASX500 direct shares.
Beacon owns Financial Link Group and Risk Investment Advisors Australia, which have a total of 200 authorised representatives and combined funds under advice of around $3.5 billion across super funds, family offices, high-net-worth individuals and retail clients.
Recommended for you
A NSW adviser who advised over 120 clients after falsifying her financial advice exam results been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.
Sharing his reasoning in joining the FSC board, WT Financial managing director, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
