Centrepoint's managed account portfolio service has reached $100 million in funds under management since its April 2015 inception.
In a statement, Ventura Investment Management managing director Mat Walker said the Centrepoint subsidiary was delighted with the early response both from advisers and their clients.
Responses came from a range of quarters, including from wealth specialists with more than $100 million under advice to risk specialists who need an administratively easy investment solution for their wealth accumulation clients.
"Our separately managed account (SMA) is designed to support advisers in providing high quality advice to their clients while driving lower costs for clients," Mr Walker said.
"Advisers are finding SMAs support the areas where they can add most value while being cost and feature competitive for investment execution, administration and management.
"This means they can invest more time in growing their business and engaging with clients," he said.
Mr Walker said Ventura started with a soft launch last year since SMAs were a relatively new concept in Australia, and so it could focus on adviser education and practice integration in order to ensure the benefits were tangible and scalable.
He added that advisers can take comfort in Ventura's approach to support them in providing client-focused advice and access to world-class investment solutions while reaping the benefits of greater efficiency.
Industry super funds have hit back at concerns around their ability to restrict ...
A listed dealer group has reduced a number of its adviser fees and encouraged st...
Communicating consistently with team members is key for advice practice principa...