AFS renews SPL agreement with Oasis
AFS Group Ltd (AFS) has renewed the Strategy Portfolio (SPL) administrative agreement with Oasis Asset Management after an extensive review and tender process.
SPL was established by AFS advisers in 2000 and this month the superannuation fund achieved a significant milestone when it recorded over $1.4bn in FUM. With the previous administration agreement set to expire this year, AFS invited tenders from a number of organisations, including Oasis.
According to AFS Group, SPL was the first client of Oasis and together both companies have grown and enjoyed considerable success and profitability. The decision to reaffirm the partnership extends a long-standing strategic relationship and partnership that has been of mutual benefit to both organisations.
A key concern with the larger providers was the possibility of becoming suppressed in the decision making process, whereas with Oasis, AFS benefited from a preferred relationship and actively contributed to the product development and refinement process.
For Oasis, the relationship with AFS is an endorsement of its position and reputation in the financial services marketplace as a platform provider that is committed to developing solutions that can be applied by financial planners to address the needs of their clients.
According to Oasis, AFS is a growing dealer group and their commitment to quality financial advice and independence is attracting new advisers to their growing national network. The market for platform services such as the one hosted by Oasis, can be adapted, and personalised and it continues to grow and this is of immense interest to dealer groups interested in developing their own range of products.
According to AFS Group, it believes that the two significant drivers for dealership growth and success in the future will be:
Manufacturers providing dealers with the ability to tailor products to the specific needs of their advisers, and
A competitive and personalised range of products that supports advisers with solutions that address the financial, security, retirement and wealth creation needs of clients.
In keeping with AFS’s commitment to the provision of quality independent advice by advisers, AFS will continue to work in partnership with product manufacturers and also develop its range of products that will provide real value for advisers and their clients.
17-Jul-2007