Aust Unity adds SMA to Federation platform
Australian Unity has added new separately managed account (SMA) products to its Federation platform.
The company said the SMA products were the first in a new range of managed portfolios designed for Australian Unity Personal Financial Services (AUPFS) clients in a move that coincides with the recent launch of its superannuation offering, Federation Super, and its addition to the AUPFS approved product list (APL).
Commenting on the move, Australian Unity Personal Financial Services chief executive, Steve Davis, said the SMA would provide advisers with a streamlined way of providing consistent and transparent portfolio construction and rebalancing solutions to their clients.
He said AUPFS advisers would have exclusive access to three multi-asset managed portfolios — conservative, balanced and growth — with each adopting AUPFS's proactive asset allocation investment philosophy.
"The Federation platform offers advisers and their clients clear value for money and this, combined with flexible investment choices and the option for clients to become shareholders, makes it a unique offer in the platform market," Davis said.
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