Futuro and Profusion join ASI SMA service
Aberdeen Standard Investments (ASI) has signed on Futuro Financial Services and Profusion Planning to its separately managed account (SMA) service.
The SMA service managed 18 multi-asset, Australian equities, and exchange traded fund managed portfolios for advice businesses and on public menus.
ASI head of wholesale sales, Con Koromilas, said: “After a decade of structural change, increased regulation and industry reform, many financial planners are finding it difficult to balance an increased compliance burden and still give their entire book of clients the individual attention they deserve.
“Our separately managed account solutions give time back to advisers so they can service each of their clients the way they want to, with the trust and backing of ASI’s team of over 1000 investment professionals, including 120 multi-asset experts.”
Commenting, managing director of the group that owned Futuro, Paul Kelly said: “Partnering with ASI to deliver bespoke SMA solutions will make recent and future periods of market instability far more manageable for our member firms and independent financial adviser partners”.
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.
