Skandia One gets second signing
LonsdaleFinancial Grouphas signed upAustralian Skandia’s platform, Skandia One — the second group to take the platform on board since its launch two months ago.
The first signatory was Count Financial, which struck a deal with Skandia back in January to make use of the platform prior to its formal launch in February.
Skandia One will be distributed nationally through Lonsdale Financial Group’s representatives, when it is rolled out in May.
Lonsdale general manager Mario Modica says the platform is a cost-effective solution for clients with between $50,000 and $150,000 to invest, and incorporates a number of multi-manager products.
Skandia One is supported by Skandia’s existing web-based, transactional platform, and includes capabilities such as fund profile information and research tools, with research being provided byMorningstar.
Australian Skandia chief executive Ross Laidlaw says the platform’s economies of scale enable it to deliver more than 50 funds from more than 20 external managers within a “competitive and sustainable pricing structure”.
“Greater global investment choice facilitates a more diversified portfolio,” Laidlaw says.
Australian Skandia is optimistic about other dealer groups signing up the platform in the near future.
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