OneVue has announced new clients for its Platform Services offering — MGD Wealth, Prosperum Wealth, and what it describes as a "significant profit-for-member firm".
OneVue executive general manager for wealth management services, Matt Lawler said the new client mandates followed on from record quarterly inflows of $310 million in the December quarter.
"OneVue's focus on developing a contemporary platform and managed account solution is garnering traction in the market especially after launching the FUND.eXchange initiative late last year," he said.
MGD Wealth is a Queensland based specialist provider of integrated financial advice solutions to business owners, professionals, high-income earners, self-funded investors and professional advisers, while Prosperum Wealth is a Melbourne-based boutique advisory firm.
The OneVue announcement said it had been appointed by a well-established "profit-for-member" organisation to provide a white label of the OneVue platform to meet the growing demands of their members.
"MGD Wealth and Prosperum Wealth are two quality advisory firms and we are excited to partner with them," Lawler said.
"To also be selected by a "profit-for-member" organisation is significant as it demonstrates OneVue's capabilities."
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.