Wholesale platform provider Oasis Asset Management is developing a range of products for independent dealership Financial Planning & Life.
The Adelaide-based dealer group has done a deal with Oasis to develop a superannuation master trust and investment wrap for release in April.
“We are confident that the development of our own range of products will provide real value to our advisers and their clients, as it gives is the opportunity to have direct input into the features of the products we recommend, and the fees charged,” Financial Planning & Life managing director Geoff O’Neil said.
Financial Planning & Life has 20 authorised representatives in Sydney, Melbourne and Adelaide.
Oasis has seven dealer group clients, 1500 active planners and 70,000 investors. The later figure was boosted by 4500 when dealer co-operative Wealthtrac took over the Credit Suisse Master Wrap.
“Our offering is quite different than others in the market where they simply badge a product . . . they don’t go to the level of customising it. At Oasis each product is started from scratch to the client’s specification and fee structure,” Oasis Asset Management head of market development Bruce Tustin said.
Oasis platform solutions scored highly in the December 2006 Investment Trends Platform Report, where analysts assessed the adviser functionality offered by most leading platforms across over 300 different areas.
“Oasis MoneyOne Online Platform and Navigator were jointly awarded our special mention for the most improved platforms over the course of 2006,” Investment Trends principal analyst Mark Johnston said.
“Oasis also scored highest among all the platforms covered in the integration category.”
