Growing interest in the self-managed super fund (SMSF) space has seen unified managed account (UMA) provider OneVue pick up nine new boutique advisory groups since September last year.
More independent licensees are starting to take notice of OneVue's UMA because it integrates the traditional planning platform with accounting software, OneVue head of sales Stephen Karrasch said.
While he was unable to elaborate on the names of the new clients, Karrasch said the advisory firms aren't "traditional" and have a very strong accounting orientation.
"(UMAs) leverage financial planners into the SMSF market and make it very easy for them to control their clients' complete affairs, which has historically been the domain of accountants only," he said.
"It's really been the last two years that we've seen the strong backlash against the lack of transparency, high cost, tax inefficiency and poor relative performance of managed funds (which) has driven the interest in other investment vehicles."
According to Karrasch, the platform provider was currently in serious discussions with another 10 boutique advisory groups.
