OneVue and Proactive Portfolios deliver new offering

17 August 2016

Publicly-listed OneVue has worked with separately managed account specialists, Proactive Portfolios, to launch a new range of model portfolios to include managed fund models.

The move was announced with Proactive saying it had launched five new managed fund model portfolios that used a managed investment scheme (MIS) structure which took a model portfolio and turned it into a product for advisers to use.

It said the unique structure also used OneVue as a responsible entity.

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According to the company's announcement, the new Proactive managed fund model portfolios would help advisers implement client investment strategies by avoiding delays in times of financial market volatility. The range also expanded Proactive's existing range of ASX-listed multi-asset portfolios.

It said the new managed account solutions would be available through WealthPortal, using the OneVue LUMINOUS platform.

Commenting on the move, OneVue head of product, Brett Marsh, said managed accounts were becoming increasingly popular with advisers due to their efficiency and compliance benefits.

"Creating the model portfolios within an MIS results in robust portfolio implementation, coupled with administrative efficiencies. Advisers can follow a model portfolio of managed funds without the ongoing requirement to provide SOAs (statement of advice) or ROAs (record of advice) for changes within the models," he said

"The product structure acts as long-term protection from regulation, as it doesn't include use of a limited MDA structure common among other platforms, which is currently under regulatory review," Marsh said.




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