IOOF launches re-weighing functionality
IOOF has today announced the introduction of its re-weighing functionality for the IOOF Persuit online portal, which will allow advisers to re-weight pre-determined portfolio instructions.
IOOF head of product, Chris Weldon, said the solution would benefit advisers looking to cut costs and delivery times for clients.
"Auto-rebalancing will come as a welcome relief for the many advisers seeking a platform with capabilities that make a real difference," he said.
"It will allow [advisers] to automatically keep clients' portfolio asset allocations, in line with their investment goals."
IOOF, which had $15.9 billion in funds under administration at 30 June, will make the function available in its online portal, Portfolio Online.
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.