Federation Alliance has announced the launch of Federation Super, joining Federation Managed Accounts on the company’s platform offering.
Federation Alliance brings together the long-standing experience of the Federation Alliance key principals and Australian Unity.
Alan Kenny, CEO of Federation Alliance, said the addition of Federation Super means the Federation platform offers a complete administration package for advisers and their clients.
“Coupled with the option for platform investors to become shareholders in Federation Alliance, the platform’s promoter and distributor, this is a unique offering in the platform market.
“Federation offers advisers greater flexibility in portfolio construction by accessing a broader choice of investments—managed funds, separately managed accounts, ASX listed securities, exchange traded funds, international listed securities, term deposits, fixed interest and cash—giving investors greater control and transparency.
“Federation Super provides transparent superannuation administration that enables investors and advisers to construct an investment strategy in line with individual retirement objectives.
“Federation Super’s estate planning features include reversionary and non-lapsing binding death benefit nominations, and it provides access to a selection of insurers for retail individual life insurance policies.”
Mr Kenny also highlighted the platform’s separately managed accounts functionality and ability to drive increased productivity and efficiency in an adviser’s business, as well as greater transparency and tax efficiencies for their clients.
“Advisers are becoming increasingly aware of the benefits of separately managed accounts, and how they can reduce the compliance burden of recommending and rebalancing client portfolios. These time-saving efficiencies free up advisers and allow them to focus on higher-value client activity.”
David Bryant, CEO of Australian Unity Investments, said the equity-sharing opportunity for investors in the platform to participate financially in Federation Alliance and its future strategy makes it an attractive option.
“The platform offers investors good value, as they benefit from a competitive fee structure as well as the opportunity for equity participation.
“Investors in the platform can elect to become shareholders in Federation Alliance. Investors who decide to take up the offer may participate in any future growth and dividends Federation Alliance aims to create from its activities, which may have the effect of indirectly reducing their administration costs.”
Federation Alliance has funds under advice of more than $250 million (as at 30 April 2016).
The offer of shares as part of the equity participation feature is made by Federation Alliance Limited (Federation Alliance) ABN 99 155 709 809, AFSL 437400 only. Federation Managed Accounts ARSN 163 784 432 is issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFSL 234454. The Federation Alliance Superannuation Fund (Federation SuperTM) ABN 20 543 903 424 is issued by The Trust Company (Superannuation) Limited ABN 49 006 421 638, RSE Licence Number L0000635, AFSL 235153. Federation SuperTM is a trade mark of the Federation Alliance Superannuation Fund. ‘Federation’ is the collective name for Federation Managed Accounts and Federation SuperTM.
This information is general advice only that has been prepared without taking into account the objectives, financial situation or needs of any particular investor. Investors should consider their circumstances and the relevant disclosure documents before making any investment decision. The disclosure documents are available at fedalliance.com.au. The information prepared in this document is current as at the time of publication.