OneVue/News Corps platform to give advisers clearer picture
Advisers will be able to get a clearer picture of their clients' investment portfolios, and provide more focused advice through a new investor-centric platform developed by OneVue and News Corp.
Launching the Luminous platform, OneVue chief executive, Connie Mckeage, said it would "empower investors", while supporting advisers "in better servicing their clients".
Mckeage said the new platform would enable advisers to see what investments their clients have made without seeking advice, and give them more support when they do turn to professional advisers.
"For a period of time most young people don't need an adviser, and in fact most advisers aren't interested [in them]," she said.
"[So] there is a lot the adviser is not privy to, and that's the starting point, and the most important thing an adviser can do is help look at your life and what your objectives are in that life and start with asset allocation."
Through the platform, investors will be able to empower their advisers to make transactions on their behalf, or just to view the details of their investments, with both the adviser and client having access to it.
Mckeage said the platform has attracted significant support from across the advice sector, predominantly from non-aligned groups.
"The support that we've had for this has surpassed our expectations," she said.
"We started to get aligned support for it, and it was shutdown. We had bank-owned groups start to support us and after it looked like there would be a bit of a wave, it was actually stopped, because the licences were still held by the large institutions."
AUTHOR
Nicholas O'Donoghue
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