Tricom introduces model portfolio platform
Investment house Tricom Equities has launched a new service specially designed to aid financial planners in managing model portfolios associated with separately managed accounts (SMEs) and individually managed accounts (IMAs).
Once financial planners provide Tricom with their current model portfolios, the firm carries out trades, re-balances the portfolios, offers integrated gearing arrangements, and coordinates online reporting for them.
In addition, Tricom will also provide research into a particular company’s activities and will formulate model portfolios for financial advisers if needed to.
Tricom associate director Graham Parkes said: “This method of investing provides an extremely cost effective and time efficient way for planners or investment managers to run many client portfolios and IMAs with no time involved in administration, minimal cost to the client, and a much higher margin available for advice fees.
“There are no re-balancing or custody fees at all, even though it is a custody service taking care of dividends and corporate actions. All the client pays is brokerage on their trades, but still only at wholesale rates,” Parkes explained.
Reports generated by Tricom can be delivered in an online or hardcopy format. The investment and trading house offers a valuation only report as part of the standard service, along with a full-tax reporting version that costs an additional $44 per client that the planner can arrange to have paid through the platform.
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
