Platform provider OneVue has continued its expansion into the retail market, signing a deal with financial services company Fat Prophets to deliver a new investment and retirement platform.
The online platform, dubbed Super Prophets, goes live today and includes a choice of investment options, ready-made portfolios, superannuation, a full SMSF service, equity and managed funds execution and insurance options too, according to a statement by OneVue.
This is the latest partnership that OneVue has clinched in the retail space. Last week Yellow Brick Road unveiled Guru, a low-cost advice model powered by OneVue.
In 2014 OneVue announced that it had partnered with News Corp subsidiary Eureka Report to deliver Brightday, an end-to-end self-managed superannuation fund service, retail superannuation and the ability to manage non-superannuation assets.
OneVue’s head of product Brett Marsh, said that OneVue was looking to form more “complementary relationships” with companies concerning investors and their financial aspirations.
“OneVue’s target market includes both financial and non-financial organisations where OneVue can provide them with dynamic growth opportunities.
“Our strategic relationship with Fat Prophets and the Eureka report’s www.brightday.com.au – as well as the more recent launch of Guru with Yellow Brick Road – is part of a broader growth plan for OneVue and caters for both advised as well as non-advised clients,” he said.
Mr Marsh said that it planned to plough more money into its platform services division.
Commenting on the launch, Fat Prophets chief executive, Angus Geddes, said that Super Prophets was targeted to retail investors who wanted to take control of their investments and superannuation.
“Super Prophets gives them the ability to transact a range of investment products with competitive and transparent fees,” he said.
Fat Prophets has more than 18,000 subscribers to its investment reports covering Australian equities, global mining and funds, Asian and UK equities and $300 million in funds under advice.
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