Wealthtrac re-signs with ANZ's Oasis
Independent platform provider Wealthtrac has re-signed its service level agreement with ANZ Wealth's wholesale platform provider, Oasis Asset Management.
The six-year agreement came after considerable consideration of the needs of adviser members, Wealthtrac managing director and chief executive Matthew Johnson stated.
"The Wealthtrac model is different to many platforms, as the financial advisers who use it become beneficiaries of the trust that owns Wealthtrac. The agreement with Oasis is very favourable for the trust and will allow our member advisers to benefit from the future growth in value of our platform," he stated.
Johnson said there would be further announcements from the group in coming weeks.
Recommended for you
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.
