Infocus launches managed account service
Non-institutional dealer group Infocus Wealth Management has struck an agreement with Praemium to develop a managed accounts solution for its advisers.
In a statement, Infocus said the solution – developed by Praemium – adds to the group's existing managed funds model portfolio solution and provides a separately managed accounts (SMA) platform for its advisers.
Commenting on the launch, Infocus managing director Rod Bristow said the managed accounts solution was developed in response to demand from advisers across the dealer group.
“This offers a completely automated SMA investment option for advisers and their clients. It’s ideal for SMSF and high net worth clients seeking transparency, cost effectiveness and flexibility in investment management and reporting,” Mr Bristow said.
“As a group, Infocus has had a similar solution in place for managed funds since 2007, when we launched the Infocus Invest core and satellite model portfolios.
“These are professionally researched and managed to allow for efficient administration and reporting for advisers and clients. Adding the Infocus Managed Accounts solution gives the same flexibility for advisers using an SMA investment structure,” he said.
Commenting on Infocus’ managed accounts solution, Praemium commercial director Andrew Varlamos said the company is excited to be working with the dealer group and that the development is further “validation” that managed accounts are becoming a mainstream solution.
Bravura to acquire Midwinter for $50m
Bravura Solutions has announced it has entered an agreement to acquire financial...
IRESS records 10% profit growth in 1H19
Advice software provider IRESS noted significant revenue growth in its APAC fina...
FPA members to be given education discounts
The Financial Planning Association of Australia has teamed up with five higher e...