Oasis to tailor products for Financial Planning & Life
Oasis Asset Management has signed a deal with Financial Planning & Life to develop a range of investment products for the Adelaide-based dealer group.
“We are confident that the development of our own range of products will provide real value to our advisers and their clients, as it gives us the opportunity to have direct input into the features of the products we recommend and the fees charged,” Financial Planning & Life managing director Geoff O’Neil said.
While the deal allows the dealer group to help tailor the products it will have on hand for its advisers, O’Neil stipulated that there would be no pressure on them to recommend these products before others to their clients.
He feels Oasis’ experience in product development would be a major boost for his organisation.
“We are also pleased to be associated with Oasis, who have worked closely with us to achieve our objective to develop products that provide both quality and value to our clients. Oasis’ product development experience means the product can be built and in the market quickly, involving minimal business resources interruption to us,” O’Neil said.
Oasis head of market development Bruce Tustin said deals like this are of great benefit to dealer groups, as it allows them to meet both their clients’ investment need as well as their own business needs in terms of business growth and increasing profitability.
“Our clients are seeing significant benefits in terms of margin growth as the FUM [funds under management] in their products grows. This allows them to offer quality and comprehensive services to their advisers, which provides a competitive edge when seeking new recruits,” Tutin said.
Financial Planning & Life joins a number of independent financial advisory dealer groups that have put similar arrangements in place with Oasis, including Matrix Planning Solutions, Mentor Investment Services, and Strategy Portfolio.
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
