Centrepoint Alliance and FNZ announce the launch of IconiQ Investment Platform

Tim Neville

Centrepoint Alliance, a leading provider of advice and business services to financial advice firms throughout Australia, and FNZ, a leading global wealth management platform, have announced the launch of a new investment platform, IconiQ. The platform is designed to empower financial advisers in managing their clients’ investments with ease and efficiency, developed on FNZ’s globally leading wealth management technology.

IconiQ comprises two solutions: IconiQ Investment and Super Wrap. The Investment wrap is a comprehensive investment account designed to cater to a diverse range of financial needs, providing access to a vast array of investment options consolidated under an easy-to-navigate, intuitive user interface.

Super Wrap, the IconiQ Superannuation Platform, offers end-to-end superannuation experience for advisers and their clients with accumulation, transition to retirement and pension, empowering financial advisers to manage portfolios within a simple, low cost and easy to understand interface.

IconiQ will provide advisers with:

• Rich user experience and functionality: Features and functionality for enhanced portfolio management across investments and superannuation.
• Digital-first tools: Prioritising efficiency alongside human touch for a seamless experience with streamlined workflows, real-time analytics, and intuitive dashboards.
• Access to quality managers: Access to leading Australian and global investment managers.
• Competitive pricing: Simple pricing structure with flat administration fees, aggregated pricing for families and related parties, and no minimum or standing costs.

The partnership with FNZ reflects Centrepoint Alliance’s commitment to an open architecture model and provides access to global scale, support, and ongoing development to deliver the best adviser and customer experience.

With more than 1,300 advisers, Centrepoint is one of Australia’s largest providers of licensee services for financial advisers. The launch of IconiQ therefore presents a significant opportunity to tap into Australia’s c. $1.1 trillion platform market, and demonstrates FNZ’s expanding presence in Australia, where around 500 colleagues are based across offices in Brisbane, Melbourne and Sydney.

John Shuttleworth, Centrepoint Alliance, Chief Executive Officer, said: “In developing IconiQ, we have ensured that advisers have access to one of the highest quality investment management and portfolio administration solutions at highly competitive prices. As an ‘open architecture’ solution provider, we are committed to providing a choice of platforms and investment managers. We strive to ensure that clients achieve the best after-fee returns without paying excessive fees for portfolio administration. Leveraging our scale and expertise, we are proud to offer a globally leading platform solution.”

Tim Neville, CEO Asia Pacific, FNZ said: “FNZ is delighted to have delivered the IconiQ platform in partnership with Centrepoint. IconiQ is a state-of-the-art platform which will empower advisors with the tools and capabilities they need to grow and deliver for their clients. FNZ is proud to partner with Centrepoint to bring this innovative product to market and continue to drive personalised and efficient investment solutions across the wealth management sector in Australia.”