Centrepoint Alliance Limited (ASX: CAF) Launches IconiQ Platform
Launch of IconiQ Platform
Centrepoint Alliance Limited (ASX: CAF) has officially launched the IconiQ Super Wrap and IconiQ Investment platform. This strategic growth initiative aims to diversify revenue streams by entering the significant Australian Platform market, valued at approximately $1.1 trillion in funds under administration. This launch follows previous announcements indicating its expected availability.
The IconiQ platform has been developed in partnership with FNZ, a prominent global wealth management provider. This collaboration ensures a feature-rich platform that enhances user experience for both advisers and their clients, backed by FNZ’s substantial experience, administering over A$2 trillion in assets globally.
Platform Features
IconiQ offers numerous investment options, including managed funds, direct shares, ETFs, and term deposits. Additionally, it provides flexible account structures and comprehensive reporting tools, enabling financial advisers to efficiently manage their clients’ superannuation and investment portfolios. The platform’s emphasis on electronic transactions aims to elevate service levels and productivity.
Centrepoint has also introduced the IconiQ SMA, a registered managed investment scheme that offers a broad selection of separately managed account solutions, modelling diversified managed account portfolios constructed by various fund managers.
Executive Comments
Chief Executive Officer John Shuttleworth stated, “In developing IconiQ, we have ensured that advisers have access to one of the highest quality investment management and portfolio administration solutions at highly competitive prices.” He emphasised Centrepoint’s commitment to an open architecture solution, providing clients with optimal after-fee returns.
Tim Neville, FNZ’s Group Head of Asia Pacific, expressed enthusiasm about the partnership, stating, “FNZ is delighted to have delivered the IconiQ platform in partnership with Centrepoint.” Neville affirmed that this state-of-the-art platform will empower advisers to effectively serve their clients in the wealth management sector.
More information is available on the official IconiQ website at www.iconiqwrap.com.au.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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