IOOF completes client transition to Pursuit
IOOF has completed the client transition process to its enhanced IOOF Pursuit platform.
The company announced to the Australian Securities Exchange (ASX) today that it had completed the transfer of almost 40,000 accounts and $7.1 billion from it's The Portfolio Service platform to Pursuit.
IOOF managing director, Christopher Kelaher said the transition represented a significant milestone for the business.
He said that the enhancements which had introduced to IOOF Pursuit over the past 12 months had positioned the company to build on the solid organic growth the Pursuit platform had delivered over the past three to four years.
Recommended for you
Bell Financial Group has appointed a chief investment officer who joins the firm from Clime Investment Management.
Private markets funds with “unattractive practices” could find themselves facing enforcement activity with ASIC chair Joe Longo stating he cannot rule it out in the future.
Despite ASIC concerns about private credit funds being accessed via the advised channel, there are questions regarding how high its usage actually is among financial advisers.
Challenger has looked to the superannuation industry for its appointment of a group chief investment officer, a newly-created role.

