IOOF yesterday announced it is launching Managed Portfolio Service (MPS), a managed discretionary account solution, on its flagship IOOF Pursuit platform.
MPS is designed specifically to support advisers in efficiently delivering value to their clients with flexible, high quality portfolio construction and implementation capabilities through a seamless, centrally managed solution that is actively monitored and maintained.
Mark Oliver, IOOF General Manager – Distribution, commented “MPS is the first managed account solution that is fully integrated with XPLAN, including advice documentation generation and the management of client accounts with built-in reminders for client reviews”.
“As an experienced managed accounts operator with substantial scale, we are pleased to extend our established managed account solutions to the Pursuit platform” said Mr Oliver. The launch of MPS on Pursuit complements the existing MPS offerings already available on IOOF’s exclusive version of BT Panorama and on Symetry Active, powered by Colonial First State.
MPS through Pursuit is now available to two of IOOF’s licensees, Bridges Financial Services and Consultum Financial Advisers, and will comprise a range of custom-built model portfolios. It is anticipated that IOOF will also offer MPS to the broader market through its range of internal and externally administered platforms.
“IOOF is an advice-led business that recognises the value advisers place on choice, service and flexibility across the products and services they access to deliver value to their clients. We are uniquely positioned to provide a range of quality solutions through our open architecture model to support a variety of advice propositions and implementation preferences.” commented Mr Oliver.
According to the latest Roy Morgan Superannuation Satisfaction Report[i], IOOF now has the top ranked retail superannuation fund based on customer satisfaction with their fund’s financial performance. IOOF also ranked in the top four organisations in Australia for adviser satisfaction according to the latest Wealth Insights Service Level Report[ii].
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