BGL Financial Solutions to white label OneVue's SMA
BGL Financial Solutions (BGLFS) has agreed to white label OneVue’s separately managed account (SMA) for use by clients of accounting firm BGL Corporate Solutions.
The product, which is designed for the self-managed super funds market, will be known as SMSF Invest.
BGLFS said it was looking to partner with a firm that had the technical business expertise to support and train its accountants and technology that was keeping pace in a changing market.
“During the two years of due diligence, the playing field changed dramatically. Some players are not even around any more,” BGL Financial Services Director Mark Schroeder said.
“SMSF Invest combines the beneficial ownership, professional management and transparency benefits of an SMA with the tailored options, consolidated view and consolidated reporting on a diverse range of investments available in a personal investment portfolio,” OneVue head of transition strategy Brett Marsh said.
Recommended for you
ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice.
The number of active advisers on the HUB24 platform has risen to more than 5,200, helping it see quarterly inflows of $5.2 billion.
ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments.
CFS has formed a strategic partnership with the University of Sydney to support the responsible development of AI solutions in the wealth management sector.
