Asteron expands Wealthstar options
Asteron has expanded the number of options available for financial advisers using its Wealthstar platform.
The company announced today the six new options were the Merrill Lynch Monthly Income Fund, Schroders Fixed Interest Fund, IOOF Perennial Global Property Fund, IOOF Perennial Australian Growth Trust, Merrill Lynch Global Allocation Fund and Water Global Equity Fund.
Asteron said the six new options had been added as a result of adviser feedback, market research and other quantitative and qualitative analysis.
Commenting on the addition of the six new options, Asteron senior manager, wealth product, David Clark said that after launching the Wealthstar platform in 2004, the company wanted to increase the value of the offering without detracting from its flexibility and efficiency.
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.