Centrepoint Alliance has launched a new superannuation and investment platform that will provide advisers with access to a wide range of options backed up by digital portfolio and tax reporting.
The financial advice firm stated its IconiQ platform would provide access to managed funds, managed accounts, direct shares, exchanged-traded funds and term deposits within a range of account structures where a majority of transactions would be completed electronically.
“IconiQ will empower financial advisers to effectively manage their clients’ superannuation and investment portfolios by providing the intuitive user experience, advanced features and competitive pricing structure which we believe will differentiate IconiQ as a leading platform solution,” the firm stated.
Additionally, it also released the IconiQ SMA, which is a registered managed investment scheme offering separately managed accounts that can incorporate managed account portfolios constructed by other fund managers into the investment menu on IconiQ.
The platform has been built in partnership with global wealth management platform developer FNZ and is part of Centrepoint Alliance’s growth strategy and plans to enter the platform market, which is estimated to hold $1.1 trillion in funds under administration.
Centrepoint Alliance chief executive John Shuttleworth said it was a win-win for both parties.
“In developing IconiQ we have ensured advisers have access to one of the highest-quality investment management and portfolio administration solutions at competitive prices,” Shuttleworth said.
“We strive to ensure clients achieve the best after-fee returns without paying excessive fees for portfolio administration, leveraging our scale and expertise.”
FNZ head of Asia-Pacific Tim Neville echoed those sentiments.
“FNZ is delighted to have delivered the IconiQ platform in partnership with Centrepoint. IconiQ is a state-of-the-art platform which will empower advisers with the tools and capabilities they need to grow and deliver for their clients,” Neville said.
“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.”