Tower Trust signs up St George Margin Lending
Tower Trusthas addedSt GeorgeMargin Lending to its margin lending recommended list for wholesale managed fund investments.
Tower Trust marketing and services manager Adam Hughes says the addition of the St George service was made in a bid to increase the service to its 1000 advisers.
“We want to offer the ultimate in flexibility and choice, and give advisers as much choice as possible,” he says.
The St George product joins the existing margin lending product from BT, which has been on Tower’s list for about 12 months.
Hughes says the selection of St George Margin Lending was also selected as a result of adviser feedback.
With St George now on board, Tower advisers will also have access to the newly developed Planner Assist, a St George Web site providing practice management materials and information for financial planners. Planner Assist will be available to planners through a link on Tower’s adviser only site, Your Clique.
“From Your Clique, there will be a link through to Planner Assist where advisers can access information that can help with client education on margin lending. We should have a link developed by the end of this week,” Hughes says.
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