Independent superannuation and investment platform provider, Wealthtrac today signed a six-year service level agreement with Oasis Asset Management, now part of ANZ’s OnePath.
Wealthtrac Managing Director and CEO, Matthew Johnson, said Wealthtrac had re-signed with Oasis after considerable consideration of the needs of its adviser members both now and in the future.
“The Wealthtrac model is different to many platforms, as the advisers who use it become beneficiaries of the Trust that owns Wealthtrac. The agreement withOasis is very favourable for the Trust and will allow our member advisers to benefit from the future growth in value of our platform.”
Mr Johnson said Wealthtrac did not have its own dealer group or manufactured products, which means advisers who use the platform can be confident that they will not be subject to additional competition or pressures to distribute in-house products.
“The products on the Wealthtrac investment list are independent of the platform and are there via merit only. We do not have our own advisers marketing our own products; nor competing for business with other members. This means our advisers can be confident that the decisions we make as a business are in their interests, rather than just our own.”
Mr Johnson said Wealthtrac would make further announcements about upcoming changes at the Group in the coming weeks.
