Clearview launches wrap platform
ClearView Wealth has announced the launch of a private label wrap platform for superannuation , retirement income and investor-directed portfolio service (IDPS) accounts.
The new WealthSolutions platform will be accompanied by a new suite of life advice products and services called LifeSolutions, and ClearView managing director Simon Swanson said the two releases bring ClearView closer to its goal of becoming a fully vertically integrated life insurance and wealth management company.
ClearView said the new range of products and services will help the firm penetrate the independent financial adviser (IFA) market.
The WealthSolutions platform will be distributed by ClearView financial planners under the ClearView brand. It will include managed funds, Australian Securities Exchange-listed securities and term deposits held in superannuation, pension or IDPS wrap accounts, according to ClearView.
The WealthSolutions products will be held on ClearView's wrap platform. The investment menu will also offer seven ClearView managed investment funds (Australian shares, international shares, emerging markets, international listed infrastructure, fixed interest, property and cash) and four ClearView-run model portfolios (moderate, balanced, growth and aggressive).
LifeSolutions will be sold by IFAs and ClearView financial planners, and include life cover, total and permanent disability (TPD), trauma, income protection and business expenses cover. Cover can also be purchased via a ClearView "risk super" version called LifeSolutions Super, ClearView stated.
It will feature the ability to link cover in and out of superannuation, including self-managed super funds. Premiums can be funded through annual rollovers from any super fund including ClearView's new WealthSolutions super accounts.
Swanson said ClearView's lack of legacy products and systems helped the firm complete the launch in "record time".
AUTHOR
Chris Kennedy
Recommended for you
With the highest number of candidates in a year sitting the latest financial advice exam, a surge of new entrants are expected in the coming weeks, according to Wealth Data.
AMP has launched a range of five diversified index managed portfolios on its North investment platform, targeting a younger client demographic.
An NSW adviser, who advised over 120 clients after falsifying her financial advice exam results, has been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.
