J.P. Morgan picks up another mandate from SFG Australia
SFG Australia subsidiary Mosaic Portfolio Advisers Limited has further cemented its relationship with J.P. Morgan Worldwide Security Services by handing it a mandate to provide custodial and fund administration services to a number of additional funds.
J.P. Morgan was handed the mandate following a competitive tender process conducted as part of the integration of Shadforth Financial Group and Snowball Group which formed SFG.
It will see J.P. Morgan handle custody and fund administration for 10 additional funds, building on the firm's existing mandate of four MPA managed investment schemes, which it has handled since 2011.
Commenting on the mandate, J.P. Morgan head of relationship management David Brown said the expanded services would include performance reporting and mandate compliance.
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
