IOOF-owned Lonsdale Financial Group today launched its Managed Portfolio Service (MPS) to its network of 250 advisers via the Asset Administrator platform, IOOF’s exclusive version of BT Panorama.
MPS, a managed discretionary account-based service, is designed specifically to help support advisers efficiently deliver value to their clients with flexible, high-quality portfolio construction and implementation.
It offers advisers an efficient and seamless centrally managed solution that is actively monitored and maintained, was developed in collaboration with advisers and comprised of portfolios designed by managed account portfolio provider Lonsec Investment Solutions.
Lonsdale advisers will be able to use the new service with their SMSF clients.
“The key benefit of MPS is that it allows advisers to spend more quality time with their clients tailoring strategies to grow their wealth and less time on administration,” Lonsdale chief executive Mark Stephen said.
“We have developed the MPS in conjunction with the Lonsdale network of advisers to deliver a solution that efficiently meets their business and clients’ needs.
“This development reflects Lonsdale’s ability to leverage its scale and the expertise of best-in-class providers to deliver quality, scalable and efficient solutions to our network.”
MPS is used across a number of IOOF licensee groups.