Sentry, OneVue offer suite of foreign SMAs

10-Jun-2016

By Jerome Doraisamy

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The partnership between Sentry Group and OneVue Platform Services has extended to include a series of separately managed accounts (SMAs).

The 250 Sentry-aligned advisers, who have around $5 billion of client funds under service, can now access a suite of seven foreign portfolio investment (FPI) SMAs on the OneVue platform.

The partnership follows an initial collaboration earlier this year to provide a managed account offering to the Sentry network of advisers and further establish its strategic position as a leading national, non-aligned financial planning licensee and services group.

Sentry has expanded its Compass private label range of platforms, which it believes will provide more choice in practice solutions for advisers and clients alike.

“Our SMA service continues to gather momentum,” Sentry executive chairman and chief executive Murray Hills said.

“And the combination of this with our platform partner OneVue represents a compelling and different proposition for advisers and their clients alike, while still delivering value for money.”

The Compass Fund products will include the seven FPI SMA model portfolios on its investor-directed portfolio services and superannuation offerings.

OneVue head of product and transactions Brett Marsh noted that the new SMA range would deliver practice efficiency benefits for advisers and reduce the burden of compliance.

“We are pleased to have developed a bespoke range of SMA portfolios for Sentry advisers, which will deliver value and transparency to their clients,” he said.

Marsh said adviser interest in SMAs had continued to increase because investors had demanded clearly visible asset classes in their portfolios.

“We are seeing increasing demand from our white label business partners to create managed account solutions that reduce paperwork advisers are required to undertake in ongoing management of investment portfolios for client risk profiles.”

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