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
Retail investment into private credit funds could surpass that of sophisticated investors, according to ASIC, but the regulator admits it is unsure how and where these individuals are first being introduced to the vehicles.
With the high cost of advice keeping young Australians locked out of advice, a fintech provider has said digital advice is key for licensees to capture this unadvised demographic.
ASIC chair Joe Longo has announced he will step down at the end of his term, departing the corporate regulator in May 2026.
When it comes to the phase-out of AT1 bonds, Schroders fixed income manager Helen Mason has urged financial advisers to sell up sooner rather than later or risk capital losses.
