OneVue and Proactive launch new portfolios
OneVue and Madison Financial Group’s Proactive Portfolios have launched five new model portfolios to help advisers better implement client investment strategies.
In a statement yesterday, it was announced that the five new managed fund model portfolios will use a Managed Investment Scheme (MIS) structure – turning the model portfolios into products for advisers to use.
The MIS structure also uses OneVue as a responsible entity.
The portfolios are aimed at helping advisers to better implement client investment strategies by avoiding delays in times of financial market volatility.
By using the new models, advisers can also improve overall practice efficiency by reducing the number of advice documents needed for client investment strategy and the amount of manual processing needed for trades. This increases consistency and reduces practice risk, the companies said.
The new managed account solutions are available through WealthPortal, using the OneVue LUMINOUS platform.
“Managed accounts are becoming increasingly popular with advisers due to their efficiency and compliance benefits,” OneVue head of product Brett Marsh said.
“Creating the model portfolios within an MIS results in robust portfolio implementation, coupled with administrative efficiencies.”
“Advisers can follow a model portfolio of managed funds without the ongoing requirement to provide SOAs (Statement of Advice) or ROAs (Record of Advice) for changes within the models,” Mr Marsh added.
“The product structure acts as long-term protection from regulation, as it doesn’t include use of a limited MDA structure common among other platforms, which is currently under regulatory review.”
Madison Financial Group’s national manager practice development, Jaime Johns, says an extensive choice of model portfolios is now available across the company’s listed and managed fund assets and investments.
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