Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Count onboard new Skandia platform

platforms/BT/dealer-groups/westpac/chief-executive/

28 January 2003
| By Jason |

CountWealth Accountantshas signed withAustralian Skandiato make use of the group’s new platform, which it plans to formally launch in mid-February.

The platform deal is the third for Count, with its advisers now being able to chose from the Wealth-e-account, which is a badged version of the BT Wrap,Colonial’s First Choice platform and the yet-to-be named Skandia master trust vehicle.

Australian Skandia chief executive Ross Laidlaw says the platform is already in use in the general market by about 250 advisers across 100 dealer groups. However, the product to be used by Count will offer an upgraded range of superannuation and managed investments options.

Laidlaw says the full details, including pricing, would be announced in February ahead of a rollout in March and April to Count advisers.

The deal with Count also marks a move for the platform from the boutique to the mid- and large-scale advisory groups.

“We have focused on boutique players with the platform, but the deal with Count indicates that we are also looking at mid to large players to make use of the platform,” Laidlaw says.

Count Wealth Accountants managing director Barry Lambert says the group made the decision to add the third platform because it gave its advisers access to managed fund products not currently available through the two existing platforms.

Lambert says the Skandia platform is not expected to impact on existing wealth-e-account balances, and that Count still retains good relationships with BT and its parent, Westpac.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

4 days 16 hours ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 week 4 days ago

So we are now underwriting criminal scams?...

6 months 2 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

6 days 12 hours ago

Libby Roy has been appointed as an independent non-executive director on the board of AZ NGA....

3 weeks 6 days ago

A professional year supervisor has been banned for five years after advice provided by his provisional relevant provider was deemed to be inappropriate, the first time th...

2 weeks 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
3