Sentry expands platform offering
Sentry Group has moved to further expand its Compass-labelled platform offering via a partnership with OneVue which will build on its previously-announced relationship with Netwealth.
The financial services group said the deals with OneVue and Netwealth would be launched under the Compass private label and would mean Sentry's network of non-aligned advisers would gain access to a suite of separately managed accounts (SMA) solution managed by FPI Investments.
According to Sentry, four platform solutions have now been brought within Compass private label offering and compliment the firm's existing arrangements with HUB24 and Asgard.
Commenting on the developments, Sentry Group Executive Chairman and chief executive, Murray Hills said that by expanding its Compass private label range of platforms, Sentry was now one of the few licensee groups in Australia offering a genuine choice of platform solutions to its network of advisers.
He said that, in addition, the suite aimed to provide practice efficiency benefits for its advisers and reduce the compliance burden required in managing client accounts.
"The partnerships have been established based on a strong alignment to what we want to achieve for both our advisers and their clients," Hills said. "Our SMA service continues to gather momentum and the combination of this with our platform partners represents a compelling proposition for advisers and their clients alike."
The new service with OneVue is planned to be rolled out in the coming months.
Recommended for you
First Sentier Investors chief executive, Mark Steinberg, is set to depart the asset manager after seven years.
Metrics Credit Partners has completed the acquisition of Taurus Finance Group and BC Investment Group as it looks to launch consumer lending arm Navalo.
AMP has announced to the ASX that it is being sued by property fund manager Dexus regarding the sale of its real estate and domestic infrastructure equity business.
Having seen inflows of US$5.6 billion to its fixed income funds in the last quarter, Janus Henderson has closed on a deal with life insurer Guardian to secure funds to boost its product development.
