Skandia rolls out first offering to advisers
Australian Skandia has become the first financial services group to take up the Morningstar global style box tool as a key element in the launch of its first products into the Australian market.
Skandia launched its first suite of products aimed at the independent financial planner market this morning, including four multi-manager diversified funds and a master trust.
The Skandia Global Access Portfolio multi-manager funds have been developed in conjunction with WM Mercer and include a number of funds which have never been offered in Australia, including the MFS Massachusetts Investors fund, Gabelli Small Cap Value fund and Alger Mid Cap growth fund.
Australian Skandia are using the Morningstar global style box system as one of the support systems it offers advisers. Others include the Skandia Advisor Model Portfolios, the Skandia risk profiler and a range of marketing and research tools.
Australian Skandia managing director Ross Laidlaw says the group will also launch a range of retirement and superannuation products early next year.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
