OneVue, Nextplan and Mercer deliver lower cost tailored models

OneVue, Nextplan and Mercer deliver lower cost tailored models

OneVue, Nextplan and Mercer deliver lower cost tailored models

  • 22 August 2018
  • Australia, Melbourne

OneVue has partnered with Mercer and Melbourne based financial services group Nextplan to bring Mercer’s asset consulting expertise to Nextplan’s investment management capabilities and adviser network, driving down costs for clients and supporting the advice model of the future.

Nextplan, represented by 25 advisers nationally, overseeing more than $400 million in funds under advice, has created a new private label, Nextplan Wealth Management, under which it offers a comprehensive super wrap, suite of risk-based pooled investments and an investor-directed portfolio service with custom-built managed accounts.

Through a private-labelled version of OneVue’s platform, investors can access 12 bespoke managed account portfolios, each with a blend of defensive and growth assets, designed by Nextplan’s investment arm and created using Mercer’s renowned global investment consulting expertise and multi-manager ‘building blocks’ methodology.

Reflective of OneVue’s long term commitment to reducing the overall cost of investing in professional investment management for clients, this menu of managed accounts and managed funds, offered under a new operating model, exclusively leverages OneVue’s FUND.eXchange funds. The FUND.eXchange funds are those funds administered by OneVue Fund Services managed fund administration business on a fee for service basis.

Nextplan’s CEO David Corridon said the new platform would enable Nextplan to access best-of-breed investment consulting expertise and administration solutions to support their advisers and clients nationally.

“OneVue is a market leading platform that offers comprehensive functionality and flexibility. Its ability to manage a wide range of assets and liabilities and administer managed portfolios provides the efficiency and transparency that our advisers and their clients increasingly need,” he said.

“Our alliance with Mercer gives our investment team access to their world class investment consulting expertise and multi-manager ‘building blocks’ methodology and with the flexibility of a managed account structure. The new platform creates value at an extremely competitive price.”

Luke Fitzgerald, Mercer Wealth Management Leader said: “This is a significant new relationship for Mercer in the retail advice market, leveraging our institutional asset consulting expertise and scale.”

Lisa McCallum, OneVue EGM Platform Services, added: “The Nextplan private-label platform represents an innovative alliance between OneVue, Nextplan and Mercer creating and delivering a unique, customised investment service at a lower cost.

“The breadth of OneVue’s platform functionality and investment choice enables growing financial services groups to deliver a sophisticated solution and scale their business at lower cost. As evidenced by our calls for fee transparency and our opposition to shelf space fees, this strategic alliance is further reflection of OneVue’s commitment to reducing the overall cost to the client.”

 

About OneVue Holdings Limited (ASX: OVH)
OneVue is an ASX listed fintech company that partners to disrupt across the superannuation value chain. The business operates through three core divisions: Fund Services, Platform Services and Trustee Services.

OneVue is number 1 in Fund Services managed fund administration and number 1 in Superannuation Trustee Services. Platform Services was recognised in Investment Trends’ December 2016 Platform Competitive Analysis and Benchmarking Report as ranking 3rd in Online Client Portal technology and received the Platform Excellence Award for ‘Most New Developments’. In 2017, OneVue was awarded ‘Best Innovator’ in the Self Managed Super Fund Provider Awards.

 

About Mercer

Mercer delivers advice and technology-driven solutions that help organisations meet the health, wealth and career needs of a changing workforce. Across the Pacific, organisations look to Mercer for global insights, thought leadership and product innovation to help transform and grow their businesses. 

Mercer’s more than 23,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With more than 65,000 colleagues and annual revenue over $14 billion, through its market-leading companies including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com.au.

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