Risk Company Update
/Partners Wealth launches Partners Private investment company
Partners Wealth Group (PWG), a financial advisory business, has launched a new investment business, Partners Private, offering investors unlisted wholesale investment opportunities normally not reserved for retail clients.
BT Panorama sale to start in February 2022
Westpac is selling BT Panorama in February 2022. The wealth platform with $105 billion in funds under management, used by over 6,000 financial advisers, will take some time as Westpac takes time to find the right deal. It has been reported that AMP and Colonial First State may be interested in purchasing the platform.
Count Financial buys Financial Momentum
Count Financial Limited has added Financial Momentum to its ranks as an advisory business, adding to the 22 already purchased this year. Financial Momentum is a family-owned financial advice business in Victoria’s Wangaratta and Sunbury with four financial advisers on staff.
LifeBid: new tech platform to cut cost of risk advice
LifeBid, a new technology platform, is set to reduce the cost of providing life insurance advice by up to 90 per cent, the company claims. Industry practitioners set up the business to provide life risk advice without it costing a fortune for either the adviser or the client. LifeBid is a full-service life insurance platform connecting providers, enabling the engagement of advisers and insurers to manage client life insurance requirements, including regulatory requirements.
Unitysure releases underwriting pre-assessment tool
Software provider Unitysure is releasing a new underwriting pre-assessment platform, PreAssess Hero. The platform offers advisers the ability to simultaneously submit client underwriting pre-assessment details to multiple product providers. Risk specialists now have the opportunity to participate in the launch. The platform has been piloted in the past few months by Life Insurance Direct, handling thousands of pre-assessments each month despite the differences in insurer approaches.
