OneVue to acquire Computershare Fund Services
OneVue will acquire the unit registry arm of investor services provider Computershare in a move to bolster its position as a provider of outsourced unit registry solutions.
The acquisition of Computershare Fund Services will take place over the next few months as Computershare’s staff and operations are relocated to OneVue’s Melbourne office.
OneVue group chief executive Connie Mckeage said efforts would be made to ensure the continuity of services currently provided to Computershare’s clients.
“(Computershare) has built a quality client base and the team at OneVue is very much looking forward to further cementing these relationships as we move forward,” Mckeage said.
She added that the acquisition should help strengthen Australia’s under-invested outsourced unit registry administration sector.
“On top of that, connecting to the ASX Managed Funds Service, commonly referred to as AQUA II, will change the landscape of the sector as investors will be able to transact managed funds on the Australian Securities Exchange for the first time,” she said.
Earlier this year, newly-formed dealer group Beacon Financial Group signed on to use OneVue’s Unified Managed Account investment platform.
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”.