OneVue has partnered with Mercer and Melbourne based financial services group Nextplan to bring Mercer’s asset consulting expertise to Nextplan’s investment management capabilities and adviser network, driving down costs for clients and supporting the advice model of the future.
Nextplan, represented by 25 advisers nationally, overseeing more than $400 million in funds under advice, has created a new private label, Nextplan Wealth Management, under which it offers a comprehensive super wrap, suite of risk-based pooled investments and an investor-directed portfolio service with custom-built managed accounts.
Through a private-labelled version of OneVue’s platform, investors can access 12 bespoke managed account portfolios, each with a blend of defensive and growth assets, designed by Nextplan’s investment arm and created using Mercer’s renowned global investment consulting expertise and multi-manager ‘building blocks’ methodology.
Reflective of OneVue’s long term commitment to reducing the overall cost of investing in professional investment management for clients, this menu of managed accounts and managed funds, offered under a new operating model, exclusively leverages OneVue’s FUND.eXchange funds. The FUND.eXchange funds are those funds administered by OneVue Fund Services managed fund administration business on a fee for service basis.
Nextplan’s CEO David Corridon said the new platform would enable Nextplan to access best-of-breed investment consulting expertise and administration solutions to support their advisers and clients nationally.
“OneVue is a market leading platform that offers comprehensive functionality and flexibility. Its ability to manage a wide range of assets and liabilities and administer managed portfolios provides the efficiency and transparency that our advisers and their clients increasingly need,” he said.
“Our alliance with Mercer gives our investment team access to their world class investment consulting expertise and multi-manager ‘building blocks’ methodology and with the flexibility of a managed account structure. The new platform creates value at an extremely competitive price.”
Luke Fitzgerald, Mercer Wealth Management Leader said: “This is a significant new relationship for Mercer in the retail advice market, leveraging our institutional asset consulting expertise and scale.”
Lisa McCallum, OneVue EGM Platform Services, added: “The Nextplan private-label platform represents an innovative alliance between OneVue, Nextplan and Mercer creating and delivering a unique, customised investment service at a lower cost.
“The breadth of OneVue’s platform functionality and investment choice enables growing financial services groups to deliver a sophisticated solution and scale their business at lower cost. As evidenced by our calls for fee transparency and our opposition to shelf space fees, this strategic alliance is further reflection of OneVue’s commitment to reducing the overall cost to the client.”
For more information please contact:
Executive General Manager Platform Services, OneVue
+61 418 400 619
Head of Group Marketing, OneVue
+61 419 911 222
About OneVue Holdings Limited (ASX: OVH)
OneVue is an ASX listed fintech company that partners to disrupt across the superannuation value chain. The business operates through three core divisions: Fund Services, Platform Services and Trustee Services.
OneVue is number 1 in Fund Services managed fund administration and number 1 in Superannuation Trustee Services. Platform Services was recognised in Investment Trends’ December 2017 Platform Competitive Analysis and Benchmarking Report as ranking third in full function platforms, the winner of ‘Most New Developments’ Award for the second year running and winner of ‘Product Offering’ Award. In 2017, OneVue was awarded ‘Best Innovator’ in the Self Managed Super Fund Provider Awards.
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