Round two for Navigator platform
THE Navigator investment platform has signed its second badging contract, this time partnering with Diversified Portfolio Management (DPM).
DPM, a business support service for independently-owned dealer groups, will brand and distribute a version of the Navigator platform under the deal.
The platform will sit alongside DPM’s list of pre-existing services, which include business development support, marketing and succession planning for financial planning businesses.
According to Navigator group director of distribution Allan Griffiths, investments made into the platform over the past year have placed the group in a position where it is possible to launch “a number of complementary partnerships with smaller organisations who are looking for a private label”.
The first badged product administered by Navigator, PremiumChoice, has now reached $90 million in funds under administration.
Using the Navigator platform and launched in June last year, PremiumChoice was aimed at independent dealer groups and advisers, which placed it in competition with other service providers such as AustChoice and Beacon.
Navigator, part of theNorwich Union Australiagroup, currently has more than $8 billion in funds under administration.
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