IOOF launches managed accounts on Pursuit

In a statement, IOOF said its managed discretionary account, the Managed Portfolio Service, was created to help advisers with portfolio construction and implementation capabilities via an actively monitored service.

IOOF general manager for distribution Mark Oliver said MPS was fully integrated with XPLAN as well as advice documentation generation and client account management.

“As an experienced managed accounts operator with substantial scale, we are pleased to extend our established managed account solutions to the Pursuit platform,” Mr Oliver said.

The MPS has been made available through IOOF licensees Bridges Financial Services and Consultum Financial Advisers, with a view to offer it to the wider market through both internal and external platforms.

Mr Oliver added, “We are uniquely positioned to provide a range of quality solutions through our open architecture model to support a variety of advice propositions and implementation preferences.”