Brett Marsh
Proactive Portfolios and OneVue have launched a new range of model portfolios to include managed fund models.
Proactive has launched five new managed fund model portfolios that use a Managed Investment Scheme (MIS) structure which takes a model portfolio and turns it into a product for advisers to use. The unique structure also uses OneVue as a Responsible Entity.
The new Proactive managed fund model portfolios will help advisers implement client investment strategies by avoiding delays in times of financial market volatility. The range also expands Proactive’s existing range of ASX-listed multi-asset portfolios.
By using the new models, advisers can improve overall practice efficiency through 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 new managed account solutions are available through WealthPortal, using the OneVue LUMINOUS platform.
OneVue Head of Product Brett Marsh says: “Managed Accounts are becoming increasingly popular with advisers due to their efficiency and compliance benefits.
“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.
“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,” said Brett Marsh.
Jaime Johns, National Manager Practice Development at Madison Financial Group, says an extensive choice of model portfolios is now available across the company’s listed and managed fund assets and investments, reducing administration for the adviser and compliance risk for the dealership. A win/win for clients, advisers and the licensee.
