AFS Group launches UMA
|
|
Adviser-owned dealer group Australian Financial Services (AFS) has launched a new unified managed (UMA) service in conjunction with technology company OneVue and superannuation software and compliance provider BGL Corporate Solutions.
The group said the service, called UMA Select, is part of a broader range of services it will begin offering to its advisers this week to assist them in managing self-managed super funds for clients.
AFS chief executive and managing director Peter Daly said the dealer group was seeking to give its advisers the “ability to take control and better tailor their clients’ investments”.
Daly said UMA Select offered an extensive investment menu and would allow advisers to trade in direct shares, managed funds and managed accounts.
Daly said advisers were demanding “easier access to their clients’ portfolios, more timely information and better reporting”.
Recommended for you
Two advisers say M&A is becoming a “contact sport” as competition heats up to acquire attractive advice firms, while a lack of new entrants creates roadblocks in organic growth opportunities.
Perth advice firm Integro Private Wealth has appointed a head of advice to spearhead a major business development initiative to expand nationwide.
AZ NGA has taken a larger stake in ex-AMP advice firm Geographe Financial Group, triggering leadership changes as it prepares for future M&A growth opportunities.
Over half of financial advice clients say they have found their adviser via a referral from an existing client, according to Dimensional.
