‘Gamekeeper’ turns ‘poacher’ as Eureka Report closes in on platform deal
News Corporation’s Eureka Report is set to start testing a digital investor engagement solution next month, as talks continue with platform provider, OneVue.
OneVue announced that it expected to “execute binding agreements immediately”, that would see its subsidiaries provide Eureka Report subscribers with services including superannuation plans and self-managed super fund (SMSF) services.
The move comes nine months after it emerged that the Eureka Report, founded by ABC business commentator and frequent critic of the financial planning industry, Alan Kohler, had obtained an Australian Financial Services Licence, and reports emerged that Kohler had become a qualified securities adviser.
In an announcement to the Australian Securities Exchange yesterday, OneVue stressed that the agreement to provide Eureka Report subscribers with access to its digital direct offering was “subject to final negotiations”.
However, the company said, “Subject to the execution of agreements, user testing of the service is anticipated to commence next month and Eureka Report will determine a public launch date”.
“The negotiations have been in relation to OneVue’s subsidiaries providing Eureka’s subscribers with:
- Digital direct distribution;
- Superannuation and pensions plans; and
- SMSF services.
“The agreement is consistent with OneVue’s growth strategy,” the company said.
AUTHOR
Nicholas O'Donoghue
Recommended for you
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
Michael McCorry, chief investment officer at BlackRock Australia, has detailed how investors are reconsidering their 60/40 portfolios as macro uncertainty highlight the benefits of liquid alternatives.
Having reset its market focus to high-net-worth advisers, Praemium’s administration solution has been selected by Bell Potter in a deal that increases the platform's funds under administration by $6 billion.
High transition rates from financial advisers have helped Netwealth’s funds under administration rise by $3.7 billion in the fourth quarter of FY25.
