Matrix talks master trusts
Matrix Financial Group is poised to sign up with a master trust supplier, according to managing director Allison Dummett.
"We are well-advanced with our discussions and are in the process of doing due diligence on a provider," she says.
The Matrix-branded master trust would be used for superannuation, allocated pension and corporate superannuation investors. Dummett says that once the master trust is up and running, which is expected to be before the end of the year, the group will then look at a wrap account.
Matrix outsources many of its services, such as compliance audits and training, to ThreeSixty. The group now has 37 proper authority holders in most states and $500 million of funds under administration.
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