InvestmentLink enhances e-Portfolio
Hub provider InvestmentLink will now offer consolidated data for 13 platforms and fund managers via its e-Portfolio Transaction Service after the addition of the recently launchedPerpetualWealthFocus platform.
InvestmentLink’s network of 7000 advisers will now be able to complete applications into WealthFocus, as well as the other 12 fund vehicles via its web-based e-Portfolio service.
Perpetual will also transmit WealthFocus account data through the hub to InvestmentLink’s 60 dealer group clients where it will be consolidated with the other 2,000 products being reported on.
InvestmentLink chief executive Peter Philip says that the signing of a thirteenth platform is evidence of the growing momentum behind the e-Portfolio service, which he says is being increasingly seen by the platform market as a way to effectively reach advisers and penetrate new dealer groups.
He also says that advisers who are looking for choice in platforms have the ability with e-Portfolio to deal with multiple providers through a single central transaction hub.
Philip says that InvestmentLink is discussing similar arrangements with a number of other platforms that also wish to make their products available through the service.
The deal follows InvestmentLink signing up MLC back in June, and a recent deal with the CARM group which is integrating its financial planning software with the e-Portfolio service.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
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 the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
