Lend Lease launches back office business
Lend Lease Financial Services has set its sights on the booming back office mar-ket, with the launch of ThreeSixty.
Lend Lease Financial Services has set its sights on the booming back office mar-ket, with the launch of ThreeSixty.
Following on from the continuing success of groups like BT Portfolio Services and Perpetual Fund Services, ThreeSixty describes itself as a “business system for li-cenceholders”. The new company will offer planners practice management services and assistance with client management processes to dealer groups.
ThreeSixty will offer its clients access to portfolio management through stable mate FlexiPlan’s master trust services. Separate fees for FlexiPlan will apply.
Garry Mulcahy is chief executive officer for ThreeSixty. He is also chief executive of FlexiPlan.
Mulcahy says CLERP 6 will offer “a great opportunity” for outsourcing operators, and will particularly benefit multi-agents making the transition to offering full planning services without being bogged down by compliance issues.
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
