Sentry Group has further consolidated its strategic position as a leading national non-aligned financial planning licensee and services group by entering into a partnership with OneVue to provide a new platform offering to its network of professional advisers.

OneVue is an independent wholesale platform and managed account provider who has a track record in developing contemporary solutions for advisers and their clients.

This new service follows a similar partnership recently finalised with Netwealth which extended the group’s existing range of services it receives from the platform provider.

Both new arrangements will be launched under the Compass private label and under these partnerships, the Group’s network of non-aligned advisers will get access to a suite of separately managed accounts (SMA’s) solutions managed by FPI Investments.

The Compass private label suite of platform solutions now totals four and compliments the existing arrangements with HUB24 and Asgard which have been in place for some time. It is an important extension of the existing services and solutions provided to the broader Sentry Group of 250 advisers servicing approximately $5 billion of client funds under advice.

Sentry Group Executive Chairman and CEO, Murray Hills said he was delighted with the new partnerships and by expanding its Compass private label range of platforms was now one of the few licensee groups in Australia offering a genuine choice of platform solutions to its network of advisers which catered for the broad spectrum of their client needs. In addition the suite aimed to provide practice efficiency benefits for its advisers and reduce the compliance burden required in managing client accounts.

Mr Hills said the partnerships have been established based on a strong alignment to what we want to achieve for both our advisers and their clients. Our SMA service continues to gather momentum and the combination of this with our platform partners represents a compelling proposition for advisers and their clients alike.

The new service with OneVue is planned to be rolled out in the coming months.

What is Cut + Paste? Cut + Paste contains news releases, statements and other information from organisations active in financial planning and related areas. Its aim is to convey that information to you directly from those organisations. Everything published in Cut + Paste has been curated for its relevance and topicality; otherwise, it is predominantly unedited. The views expressed in Cut + Paste do not necessarily reflect those of Professional Planner. To learn more, please click here.
Leave a comment