New estate planning platform launched
By Lucie Beaman
EstatePlanning Professionals of Australia (EPP) has introduced a new platform into the market that aims to combat administration issues for estate planning with reduced costs for advisers.
The group says while Assetracker is not an investor directed portfolio service (IDPS), it will provide the same service as a wrap or master trust at a substantially cheaper rate than other platforms. Shares and managed funds are updated daily, and the service can be used in lieu of an IDPS or in conjunction with another IDPS service.
EPP director Jack Houwing says the services are aimed at overcoming “the onerous recording costs involved with estates”, and in particular the issues associated with capital gains tax (CGT).
“A cost effective recording and asset administration service is an essential part of estate planning,” Houwing says.
All asset classes are included in the Assetracker service, including listed equities, unlisted managed funds, private investments, investment property and fixed interest investments, Houwing says.
Assetracker also includes transaction reports, portfolio valuation reports, realised and unrealised CGT reports, income and investment performance reports, and online tax planning.
AUTHOR
Lucie Beaman
Recommended for you
It can be extremely hard to realise the gains from financial advice M&A, according to Peloton Partners’ Rob Jones, and more could be gained from firms looking inward at their own practice.
With platforms reporting their quarterly results, there is a clear divide in the adviser markets they are targeting, according to platform specialist Recep Peker, and which would be right for your clients.
The Federal Court has imposed a $10 million penalty on Macquarie Bank for failing to prevent and control unauthorised fee transactions by third parties including financial advisers.
A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.
