Van Eyk Research has lost another key contract, with BT Financial Group (BTFG) handing the investment research mandate for dealer groups Westpac Financial Planning and Magnitude to Standard & Poor’s (S&P).
Under the agreement more than 1,600 advisers across the BTFG network will have access to S&P research.
The contract spans managed funds, structured products, direct property, separately-managed accounts and exchange-traded funds research.
S&P described the new deal as an extension of its existing, longstanding relationship with St George’s advice businesses, which became part of BTFG as a result of the Westpac/St George merger in 2008.
Recently big listed dealer group Count Financial ended its long-term relationship with van Eyk Research, handing its mandate to Lonsec.
