Melbourne-based funding platform, OpenInvest, have introduced it has efficiently transitioned the funding accounts and Funds Beneath Administration of the Partnervest funding platform from its earlier platform supplier.
As a part of the transition challenge, OpenInvest has configured and now underpins three separate on-line investing options for Partnervest: SimpleInvest, UnionInvest and Partnervest Institutional.
Every answer gives a curated funding menu, and is focused at addressing the precise investing wants of distinct buyer segments.
Concurrent with the launch of the three options, Franklin Templeton has been appointed as funding supervisor, offering a variety of funding options to Partnervest purchasers by means of the Openlnvest platform.
OpenInvest Co-Founder and CEO Andrew Varlamos (pictured) mentioned that the transition of present accounts had gone very easily, and that account holders now had direct on-line entry to their portfolio in addition to extra management over their account, highly effective reporting and funding updates and explanations which might be commonly posted by Partnervest. The SimpleInvest answer additionally comes with its personal devoted app.
Partnervest Managing Director Serg Premier mentioned that the pliability and configurability of the OpenInvest platform meant that Partnervest may now provide the proper answer for every of their main shopper segments: SimpleInvest for the non-super investing wants of members of trade tremendous funds and commerce unions; Partnervest Institutional for household workplaces, charities and different wholesale and complex purchasers; and UnionInvest for the investing wants of Australia’s Commerce Unions.
“Our purchasers have very particular wants and obligations that meant we wanted to design the proper answer with the proper funding menu and performance for every cohort. After a strong market overview, we concluded that OpenInvest’s versatile trendy structure meant that it may uniquely ship this, in addition to giving account holders simpler entry to have interaction with their portfolio and immediately management their account. Having efficiently accomplished the preliminary buyer migration, we are actually rising very quickly by way of new accounts, which supplies me nice confidence in each our strategy and the choice to pick out OpenInvest,” Premier mentioned.
Premier additionally commented on the significance of the Franklin Templeton relationship to the Partnervest worth proposition.
“Our strategic distribution partnership with Franklin Templeton, one of many world’s main funding managers, means we are able to leverage their deep international experience and insights in providing our purchasers entry to an expanded vary of their multi-asset and single-sector funding funds,” Premier added.
Felicity Walsh Managing Director of Franklin Templeton Australia and NZ and Head of Institutional Enterprise APAC welcomed the launch of the three funding options by way of OpenInvest.
“Shopper wants proceed to evolve, significantly with youthful generations, and this presents alternatives for asset managers keen to fulfill traders the place they’re – which is more and more, on-line. Accessing these completely different cohorts of traders by way of expertise centered funding platforms will probably be essential to success,” Walsh mentioned.
Andrew Varlamos mentioned the corporate was proud to be partnering with Partnervest and Franklin Templeton.
“We’ve got designed OpenInvest for precisely this type of alternative: our companions needing a extremely scalable, configurable and content-rich funding platform to achieve and serve very particular market segments. Every of Partnervest, Franklin Templeton and OpenInvest brings its personal expertise, experience and expertise to the connection, empowering Partnervest to fulfill the wants of its numerous purchasers,” Varlamos mentioned.
