Financial services groupStockfordhas today launched its own master trust, Portfolio Preference, offering a suite of products to clients of Stockford Financial Services’ advisers.
The group’s network of 80 adviser will have exclusive access to the master trust, which will provide a range of products and services to clients including an investment service, superannuation fund and pension fund.
Stockford Financial Services general manager Mark Rantall says the master trust’s product range will give Stockford clients an enhanced investment service.
“Portfolio Preference enables Stockford Financial Services to deliver a holistic solution to meet the financial needs of our clients,” Rantall says.
Stockford research technical manager Stephen Blackhall says the formation of their own master trust was the result of identifying the platform required for dealer groups to do business.
“Because of the range in the stockford network, we decided we would systemise the way advisers do business,” he says.
“And the next question was whether to own or outsource the product, and we decided we would own it to obtain equity.”
The Portfolio Preference master trust operates on Sealcorp’s institutional platform, who provide the infrastucture and back office for the product.
While advisers will not be made to use Portfolio Preference, the group says it is confident of a strong take up of the new master trust with a first year inflow of $100 million in client funds under management expected.
The group has also completed one day training programs in each of Stockford’s national offices for all of the group’s financial planners, to ensure they are familiar with the master trust’s features.
