Diversified financial services company Spring FG Limited (Spring FG or the Company) has entered into a new Private Label Partnership agreement (Agreement) with ASX-listed wealth management services company OneVue Limited (OneVue).
Under the terms of the Agreement OneVue will provide and operate an integrated investment administration and tax & reporting platform for Spring’s superannuation and direct asset clients.
Spring managing director Keith Cullen, said, “The platform will provide our clients with asset administration via an online service that, after an extensive review of platform options we consider to be the best available in the market today”.
“In particular, with more than $300M of residential real estate assets under advice, we were attracted to the property asset administration capabilities of the system”, added Mr. Cullen.
OneVue Head of Platform Strategy, Sales & Service David Storm said, “Unlike traditional platforms, OneVue has a core capability in administering the cash flow elements of direct residential and commercial property which was clearly critical to Spring’s decision on platform provider.”
Spring and OneVue expect to have the platform fully operation within the next month.
About Spring FG Limited
Spring FG Limited (Spring FG) is an (unlisted) public diversified financial services company with products and services encompassing financial planning and investment advice; wealth creation and wealth management solutions; insurance and superannuation; finance; and tax & accounting services. Its advice and product offerings are broad and include a specialisation in the high-growth markets of self-managed superannuation funds (SMSFs); and direct and SMSF residential real estate investment.
Spring FG products and services are delivered to clients through its wholly-owned subsidiaries (and divisions) that operate under the banner of Spring Financial Group from offices in Sydney, Melbourne, Brisbane and Canberra. The key companies within the group are Spring Financial Group Pty Ltd (AFSL 391655); Spring FG Realty Pty Ltd; Spring FG Accounting Pty Ltd; and Spring FG Finance Pty Ltd.
Spring FG also offers financial education services to all Australians free-of-charge through its Wealthadviser Financial Education division that has published more than 50 financial education eBooks and conducts regular free financial education seminars.
About OneVue
OneVue is a wholesale provider of services to participants in the wealth management industry. The business is focused on the superannuation and investment management sectors. OneVue offers these services through two operating divisions, otherwise known as verticals: Fund Services and Platform Services.
The Fund Services vertical provides responsible entity services, outsourced unit registry solutions and installed software to a range of investment managers, custodians and trustees. The Platform Services vertical offers a platform for investment administration, tax and reporting services for superannuation and other investments; and multi-asset investment management and implemented portfolio consulting services. The OneVue Group includes Select Investment Partners Ltd, SMSF Managers Pty Ltd and MAP Funds Management Ltd.
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