Asgard’s Infinity passes $2 billion FUM
Asgard's Infinity eWRAP reached a milestone this week – passing $2 billion in funds under management.
The achievement was announced by BT Financial Group head of platforms Kelly Power, who attributed the passing of the milestone to the platform’s popularity among financial advisers.
“Surpassing the $2 billion milestone in less than a year since launching in October 2011 is a testament to the strength of the Infinity offering,” she said.
Power claimed the Infinity offering was unique in the market because it allowed clients to pay only for what they used, making it particularly appealing to those with low balances or specific investment needs.
She said the platform had been designed with the Future of Financial Advice reforms in mind.
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
