Insignia enhances Expand wrap options

Insignia Financial has announced enhancements to its Expand wrap to allow greater flexibility for advisers and clients.

This included a new look and new product names so the two products now sit under a single identity. The full wrap product was renamed Expand Extra and the simplified wrap product for clients with less-complex investment needs was called Expand Essential.

Updated pricing would be applied to all new and existing clients with Expand Essential having a 0.10% administration fee capped at $1,000 and an account-keeping fee of $90 per annum and Expand Extra having a fee cap of $1,925, an account-keeping fee of $180 per annum and the ability to link up to six family-accounts to take advantage of the fee cap.

Insignia also launched a mobile app to allow users to check transactions, performance, and current investment options, visualise their balance over time, download statements and make changes to their beneficiaries.

Expand Extra clients would have access to more managed investments; most of the listed investments in the S&P All Ordinaries Index; and one-, two- and 24-month terms for NAB term deposits.

VIEW ALL

View all

MLC Life Insurance was added to the retail insurance offer for superannuation clients, to complement the existing panel of AIA, TAL and Zurich.

The firm said the changes had been made in line with meeting advisers’ needs.

Cameron Spittle, general manager advisory solutions at Insignia, said: “We are delighted to announce these exciting enhancements to continue to support advisers through the advice implementation process, manage their business, and improve their clients’ investment outcomes and financial wellbeing.

“We have strong momentum in our transformation journey and will continue to invest in, build, and deliver contemporary product solutions and tools.”