Centrepoint Alliance launches IconiQ platforms

Centrepoint Alliance initially announced it was working with FNZ to develop the platforms during its half-yearly results webinar, with the expectation that the platforms would be launched during Q3 2024.

Now entering the Australian platform market, the IconiQ platforms – IconiQ Super Wrap and the IconiQ Investment platform – host a wide range of investment options, including managed funds, managed accounts, direct shares, exchange-traded funds and term deposits.

Advisers will also be able to take advantage of account structures, as well as comprehensive portfolio and tax reporting on the platforms, providing a more efficient user experience.

Centrepoint said the platforms will feature an intuitive user experience, advanced features and competitive pricing structure, which will “differentiate IconiQ as a leading platform solution”.

FNZ currently administers over $2 trillion in assets globally for more than 650 corporate clients across more than 30 countries, providing a reliable foundation for the new platforms.

“This partnership ensures that IconiQ benefits from FNZ’s extensive capability and scale, offering an efficient, cloud-based solution for financial advisers and their clients,” Centrepoint said.

Additionally, Centrepoint has announced the launch of the IconiQ SMA, a registered managed investment scheme offering separately managed account solutions.

Through this, the firm said it will be able to add a broad range of diversified managed account portfolios, constructed by other fund managers and asset consultants, to the IconiQ platforms’ investment menus.

Speaking on the announcement, Centrepoint chief executive John Shuttleworth explained that while the licensee has worked hard to develop these platforms, those licensed through Centrepoint will still be free to choose their preferred platform.

“In developing IconiQ, we have ensured that advisers have access to one of the highest quality investment management and portfolio administration solutions at highly competitive prices,” Shuttleworth said.

“As an ’open architecture’ solution provider, we are committed to providing a choice of platforms and investment managers. We strive to ensure that clients achieve the best after-fee returns without paying excessive fees for portfolio administration. Leveraging our scale and expertise, we are proud to offer a globally leading platform solution.”

FNZ group head of Asia-Pacific Tim Neville said the company was pleased to work with Centrepoint to develop the IconiQ platforms.

“IconiQ is a state-of-the-art platform which will empower advisers with the tools and capabilities they need to grow and deliver for their clients,” Neville said.

“FNZ is proud to partner with Centrepoint to bring this innovative product to market and continue to drive personalised and efficient investment solutions across the wealth management sector in Australia.”