Steve James, Head of Group Distribution for Austock says “The Austock offering differentiates itself to other products in the market today as it provides planners with a solution to a problem, rather than focusing on a product distribution mentality. Austock’s focus in launching the Managed Account products is to provide a greatly needed service to planners, to provide them a more consistent and profitable approach to direct share investment for their clients. By outsourcing the stock selection, trading and administration to a broker of Austock’s long established capability, financial planners will finally be able to offer direct share investments as easily as managed funds."
Stuart Holdsworth, Managing Director of Financial Simplicity adds “We are delighted to be working with Austock and help lead the new generation of broking based managed account services to the market. We are impressed with the foresight of the Austock team and are proud to be help empower such a service focused managed account offer to the Australian marketplace”