New mandates for OneVue Platform Services
OneVue has announced new clients for its platform services offering — MGD Wealth, Prosperum Wealth and what it describes as a "significant profit for member firm".
OneVue executive general manager for Wealth Management Services, Matt Lawler said the new client mandates followed on from record quarterly inflows of $310 million in the December quarter.
"OneVue's focus on developing a contemporary platform and managed account solution is garnering traction in the market especially after launching the FUND.eXchange initiative late last year," he said.
MGD Wealth is a Queensland-based specialist provider of integrated financial advice solutions to business owners, professionals, high-income earners, self-funded investors and professional advisers, while Prosperum Wealth is a Melbourne-based boutique advisory firm.
The OneVue announcement said it had been appointed by a well-established "Profit for Member" organisation to provide a white label of the OneVue platform to meet the growing demands of their members.
"MGD Wealth and Prosperum Wealth are two quality advisory firms and we are excited to partner with them," Lawler said.
"To also be selected by a "profit-for-member" organisation is significant as it demonstrates OneVue's capabilities."
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”.
