Tower offers online securities venture
Tower Trust has rolled out an online financial services venture offering online share trading and an administration service.
The venture, known as “your clique”, will give advisers access to an client’s account administerede by Tower Trust as well as providing a share trading service through a deal with with Sanford.
Tower Trust’s general manager, marketing and business development, Peter Cocks, says the launch of the new online system is a major step for the group.
Cocks says the system allows advisers to access client portfolios from any Internet connection, not just their office PC, and allows support staff access to the portfolio.
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.
