Synchron sets up new platform company

27-Jul-2016

By Sarah Kendell

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Non-institutionally aligned dealer group Synchron has established a new platform and investment company to run its white-label adviser platform as well as a series of model portfolios.

The new company, Valant Capital, will be headed up by Synchron co-founder and director John Prossor and industry veteran John Morrison, and will distribute Synchron’s High Wrap investment account, superannuation account and pension account.

It will also administer a series of 10 model portfolios, which will be available to Synchron’s 400 advisers, with assistance from Lonsec Investment Solutions as an asset consultant.

Prossor said the establishment of Valant Capital would be beneficial for Synchron’s adviser base through providing them with new investment options for clients as well as cost efficiencies.

“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,” he said.

High Wrap will be administered by Powerwrap, whose chief executive, Cormac Heffernan, said he was delighted to have been selected by Valant Capital.

“Valant has high expectations of the businesses they are involved with and we have undergone a comprehensive due diligence process with them to ensure they are satisfied with the range, quality and functionality of services we can deliver to them and their advisers,” Heffernan said.

Five of the new portfolios available through the High Wrap platform will be based on clients’ different levels of risk tolerance, while a further series of five portfolios will cover different asset classes: global equities, Australian equities, income-focused equities, fixed interest and listed property.

In addition to the portfolios, the platform will include a broad investment menu of direct shares, managed accounts and managed funds, and has the ability to report on non-custodial assets, including investment properties and art.

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