OneVue signs platform deal with Eureka Report
Investment technology group OneVue has signed a five year contract to provide a badged platform to online investment and research service the Eureka Report.
OneVue's deal with the New Limited owned service will result in it providing a self-managed superannuation fund (SMSF) service, a retail superannuation product and the ability to manage non-superannuation assets through the platform, which has been badged as brightday.
The offering will be made available to subscribers of the Eureka Report and will allow them to access investment management, superannuation and pension plans.
OneVue Group chief executive Connie Mckeage said the deal was an extension of its work in providing technology and investment services to groups that work with investors and was complementary to both in that "Eureka Report understands investors and their financial aspirations, OneVue understands wealth and technology".
"This strategic relationship with Eureka Report is part of a broader growth plan for OneVue. We are accelerating investment in our platform services division to create a step change in the industry.
Eureka Report Executive General Manager James Leplaw said brightday was pitched at consumers "with low superannuation balances who currently feel locked out of improving their financial future" and would allow them to have greater control of their retirement savings while making more informed investment choices.
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”.
