OneVue has announced it is partnering with Sentry Group to deliver a new platform for Sentry's advice network.
The OneVue platform will be incorporated into Sentry's existing Compass platform suite, which also includes offerings from HUB24, Asgard and netwealth. As a result, Sentry's 250-plus advisers will get access to separately managed account solutions through the new service.
Commenting on the arrangement, Sentry Group executive chairman and chief executive Murray Hills said he was "delighted with the new partnerships and by expanding its Compass private label range of platforms is now one of the few licensee groups in Australia offering a genuine choice of platform solutions to its network of advisers which catered for the broad spectrum of their client needs.
"In addition the suite aims to provide practice efficiency benefits for its advisers and reduce the compliance burden required in managing client accounts."
OneVue has also announced its interim 2016 results, revealing a net loss of $2.04 million which is broadly attributed to expansion, acquisitions and fund services transition costs over the period.
At the same time, total fund services funds under administration grew by 16% to $413 billion. Retail FUA hit $3.2 billion
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