IOOF launches new MDA solution
IOOF has launched its new Managed Portfolio Service (MPS), a managed discretionary account solution designed to support advisers in delivering value to their clients with flexible, high-quality portfolio construction and implementation capabilities through a centrally managed solution that is actively monitored and maintained.
IOOF general manager, Mark Oliver, said the MPS, which was launched on IOOF’s flagship Pursuit platform, was the first managed account solution to be fully integrated with XPLAN, including advice documentation generation and the management of client accounts with built-in reminders for client reviews.
“IOOF is an advice-led business that recognises the value advisers place on choice, service and flexibility across the products and services they access to deliver value to their clients,” he said.
“We are uniquely positioned to provide a range of quality solutions through our open architecture model to support a variety of advice propositions and implementation preferences.”
MPS was currently available to Bridges Financial Services and Consultum Financial Advisers through Pursuit, but it was anticipated the solution would be offered to the broader market through other external platforms.
AUTHOR
Anastasia Santoreneos
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