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
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
