AFS renews agreement
Peter Daly
Australian Financial Services Group (AFS), ranked 21st in the 2007 Money Management Top 100 Trends Report, has renewed its partnership with platform provider Oasis Asset Management.
In reviewing the investment platform likely to be offered to its clients going forward, AFS scrutinised several different options.
The dealer group decided to stick with Oasis due to the level of input it could continue to have in developing and finetuning the investment platform it could offer to its clients, an ability that may have been lost with a larger platform provider.
AFS chief executive Peter Daly said: “The decision to reaffirm the partnership extends a longstanding strategic relationship and partnership that has been of immense mutual benefit to both organisations.”
The decision is in line with AFS’s belief that the growth of financial planning dealer groups in years to come will be determined by a firm’s ability to offer its advisers tailored investment solutions and products to best suit their clients’ wealth creation needs.
“In keeping with AFS’s commitment to the provision of quality independent advice by advisers, we will continue to work in partnership with product manufacturers and also develop our range of products that will provide real value for advisers and their clients,” Daly said.
Oasis managing director Wayne Lowe reaffirmed his company’s ability to assist AFS in its pursuit of this goal.
“The market for platform services such as ours that can be adapted and personalised continues to grow and is of immense interest to dealer groups interested in developing their own range of products,” he said.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
