Avanteos enters strategic alliance
Wrap platform administrator Avanteos has entered into a white label agreement and strategic alliance with individually managed accounts specialist and active portfolio manager, Dalton Nicol Reid.
The two companies announced today that, at the same time, the strategic alliance would see Dalton Nicol Reid provide integrated portfolio management tools and expertise to Avanteos’ recently released managed account solution.
Commenting on the deal, Avanteos chief executive Chris Stevens said the strategic alliance complemented the managed account solution launched by Avanteos in October.
“We believe the combination of Dalton Nicol Reid’s experience in portfolio management of managed accounts together with Avanteos’ online managed account capability provides a compelling solution for any business looking to offer managed accounts to their client base,” he said.
AUTHOR
Mike Taylor
Recommended for you
ASIC has banned a former AFSL director after he failed to adequately address fees-for-no-service conduct by one of his firm’s representatives.
The Financial Advice Association Australia has appointed two new board members following two weeks of voting, as well as one re-elected member.
Advice licensee Bombora has introduced a board of six financial advisers from its national network to ensure industry voices are heard collectively on future decisions.
Technology firm Iress and investment manager Challenger have formed a strategic partnership to launch an adviser solution to better serve their retiring clients.
