Sentry partners with OneVue on new SMA series
Financial planning group, Sentry, has partnered with platform provider OneVue to deliver a new range of separately managed accounts (SMAs) for Sentry advisers.
According to Sentry Group, up to 250 non-aligned professional advisers will be able to benefit from accessing the new suite of seven foreign portfolio investment (FPI) SMAs on the OneVue platform.
The Sentry group of adviser services had about $5 billion of funds under advice.
Sentry group executive chairman and chief executive, Murray Hills, said by expanding its private label range of platforms, advisers would now have access to more choices for their clients.
"Our SMA service has continued to gather momentum and the combination of this with our platform partner, OneVue, represents a compelling and different proposition for advisers and clients alike, while it still delivers value for money," Hills said.
Sentry said it had chosen OneVue as a partner because it allowed access to seven FPI SMA model portfolios on both its investor director portfolio service (IDPS) and super offering.
Recommended for you
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.