Non-aligned dealer group Synchron has announced the creation of a new company to provide platform, investment and insurance solutions to its advisers.
Valant Capital was established in response to adviser demand and a “strategic decision” made by the Synchron board to broaden the dealer group’s value proposition, the firm said in a statement.
The new firm is now distributor of the High Wrap Investment Account, Superannuation Account and Pension Account. Further, 10 Valant Capital model portfolios are available through the High Wrap platform.
The broader investment menu of the High Wrap platform is intended to allow Synchron advisers to recommend direct shares, managed accounts, managed funds and the Valant Capital model portfolios to clients.
“This strategic move gives advisers and their clients the trifecta – access to an additional, optional platform which offers very good model portfolios; great functionality for advisers; and, most importantly, savings for clients in the form of very competitive fees,” John Prossor, director of both Synchron and Valant Capital, said.
Powerwrap Limited was chosen as the High Wrap platform administrator and will provide a tailored version of its full-service, next-generation wealth management platform to Synchron advisers, the statement said.
Meanwhile, Lonsec Investment Solutions is the asset consultant to the Valant Capital Investment Committee for the model portfolios.
Valant Capital director John Morrison said: “We are delighted with the outcome. The inclusion of Lonsec Investment Solutions and Powerwrap allows Valant Capital to provide optimal solutions for Synchron advisers and their clients at very competitive prices.”
The Valant Capital investment committee comprises Mr Prossor, Mr Morrison and Lonsec Investment Solutions chief investment officer, Lukasz De Pourbaix.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 15 Feb 2019ASIC to undertake harsher penalties against banksBy Eliot Hastie
- 15 Feb 2019Court restrains unlicensed firm from operatingBy Adrian Flores
- 15 Feb 2019ASIC used Dover whistleblowing to shut licensee downBy Adrian Flores
- 15 Feb 2019Minimal time spent on client engagement, survey findsBy Adrian Flores
- 15 Feb 2019Advice regtech aims to ease CPD burden under FASEABy Adrian Flores
- 14 Feb 2019AMP adviser network declined 4.6% in 2018By Adrian Flores
- view all