Objectmastery takes off in UK
Objectmastery’s jaunt into the UK market has paid off for the group with it’s UK wrap account Transact attracting more than $200 million of funds under administration.
Launched in the UK in the middle of last year, the wrap now has almost 400 advisers using the service for more than 2000 of their clients.
ObjectMastery general manager Ian Craig says the number of advisers using Transact continues to grow.
“Independent advisers are hearing about us, trying us and coming back for more,” he says. “Adviser and client numbers are growing rapidly.”
Craig says the service levels provided by Transact are also winning over advisers who have never been used to such dedicated service levels.
“We are giving the advisers and clients a level of service and care they aren’t used to,” he says.
“Advisers in the UK haven’t seen such powerful features and software like this before and are lapping it up.”
Transact offers investors general investments, pensions, individual savings accounts (ISAs) and PEPs with access to all UK-managed funds and all companies listed on the London Stock Exchange.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
