Independent planning group updates wrap options
The Association of Independently Owned Financial Planners (AIOFP) has expanded the range of platform options it offers members, adding a superannuation and pension facility to its in-house Personal Choice eWrap service.
The Personal Choice wrap product is a badged version of the Asgard eWrap, which AIOFP offers exclusively to its members.
Up until now, AIOFP had offered only Asgard’s investment products through the wrap.
The changes mean the association, which has 1,400 advisers as members and $10 billion under management, will now also offer Asgard’s superannuation and pension products through the wrap platform.
AIOFP chief executive Peter Johnston said the wrap would now offer a much more complete range of product options for members.
Geoff Lloyd, chief executive of Asgard parent Sealcorp, said the new services on the wrap would give AIOFP members more opportunities to grow their business.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.