UBS enables adviser access on direct-to-member offering
Authorised advisers will now be able to directly service members of industry funds via UBS Australia's direct-to-member platform.
As part of the enhancement to UBS' platform, members will have the ability to control the amount and frequency of an adviser service fee, in accordance with the policy of the fund.
Members will also be able to approve or cease adviser access at any time as well as authorise advisers to transact on their behalf or view their account.
"Our industry fund clients constantly look at ways to provide their members with access to quality advice and enhance their member offering," UBS Platform Solutions Group head of strategy and distribution Paul Souter said.
"Enabling meaningful advice relationships and improving the quality and timeliness of information is the beginning of this strategy."
UBS stated that there would be further improvements made to its direct-to-member platform in the coming year, including the integration of improved research, market data and charting capabilities and an expanded suite of investable tools.
The platform is currently offered to AustralianSuper, HOSTPLUS and Telstra Super.
AUTHOR
Andrew Tsanadis
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