New investment platform to be launched in March 2012
The Australian platform market will soon get a new kid on the block with the impending launch of The Emerald Wrap - a first responsible investment platform on the domestic soil.
The investment platform, which will be launched in March 2012, is being deployed via a partnership with a Melbourne-based platform provider Powerwrap.
It will provide access to managed funds and separately managed account (SMA) model portfolios that have been certified by the Responsible Investment Association of Australasia.
The Emerald Wrap has also chosen Bendigo and Adelaide Bank as its default cash account provider.
Bendigo Wealth's senior manager for strategic partners and alliances, Diego Del Rosso, said Australian investors and financial advisers are increasingly seeking to make investment decisions that take account wider societal implications.
"By bringing responsible and ethical investment funds together in the one place, the new ethical investment platform will support and encourage this trend," Del Rosso said.
The Emeral Wrap will offer 25 responsible investment funds, around 200 traditional managed funds as well as SMAs.
Recommended for you
The director of Ascent Investment and Coaching, Michael Dunjey, has been charged with 33 criminal offences.
Adviser Ratings’ latest financial landscape report finds there is a demographic of advice practices achieving an average revenue of $5 million, with only 3 per cent of practices overall seeing a revenue decline.
The FAAA is calling for regulators to take a partnership approach with financial advisers regarding incoming legislation, rather than treating the industry as “guinea pigs”.
There have been strong numbers of returning advisers this year so far, according to Wealth Data, already surpassing the same period for 2024.
