WealthPortal expands SMA suite

wealth/management/media/

22 July 2016
| By Malavika |
image
image image
expand image

Pharos Financial Group's WealthPortal has launched an expanded suite of separately managed account (SMA) options from SMA service, Proactive Portfolios.

Proactive has launched through WealthPortal's five new managed fund models (MFM) SMA model portfolios, which offer various risk profiles for advised clients. These models would also be available through retail superannuation offering, RetireSelect.

The new SMAs aimed to implement client investment strategies without delay during market volatility. It would also cut the number of advice documents required for client investment strategy and the amount of manual processing needed for trades.

Madison Financial Group national manager, practice development, Jaime Johns (whose firm falls under Pharos), said a range of model portfolios were now available across the firm's listed and managed fund assets and investments, cutting administration for the adviser and compliance risk for the dealership.

WealthPortal responsible entity, OneVue head of product, Brett Marsh, said: "Managed accounts are becoming increasingly popular with advisers due to their efficiency in implementation and compliance benefits, due to clients being actively managed within their asset allocation".

The managed account solutions were available through the WealthPortal website and RetireSelect.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

1 week 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5