Clearview to launch wealth management platform
Clearview has announced the launch of its wealth management platform with full wrap capabilities, which would be administered by Colonial First State (CFS) Custom Solutions.
ClearView and CFS Custom Solutions have signed a private label agreement, which would see the ClearView branded platform offer its superannuation, pension and other investment products.
ClearView managing director Simon Swanson said the new platform is expected to be live by the beginning of 2012.
"It is one of our key growth initiatives to transform ClearView from a direct life insurer and retirement focused wealth management company into a fully integrated life insurance and wealth management company able to compete across the broad spectrum of the industry," Swanson said.
The announcement comes weeks after Money Management reported on concerns that dealer groups could be forced to bring platform and product offerings in-house ahead of the proposed Future of Financial Advice changes, which could eliminate mid-tier financial planning firms.
CFS Custom Solutions general manager Chris Stevens said the agreement with ClearView demonstrated the growing demand within the dealer group sector to launch own products.
"With the changes currently occurring in our industry, dealer groups are looking for adoptable platform solutions that position them well for the future," Stevens added.
Recommended for you
BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size.
Financial advisers have expressed concern about the impact including private market exposure is having on their tracking error budget, according to MSCI.
State Street will restrict its membership of global climate alliance Net Zero Asset Managers after the organisation dropped its flagship 2050 goals amid ESG backlash from the US.
Betashares has launched a global shares and a global infrastructure ETF as part of the firm’s strategic expansion strategy to support financial advisers in building more diversified portfolios.
