WealthPortal has been established specifically to deliver specialised products and services to the wealth accumulation/wealth management market. WealthPortal has developed a sophisticated online fully-integrated administration and reporting service with a single point of entry utilising a Unified Managed Accounts (UMA) as its core.
The benefits of direct ownership via a UMA include:
- transparency,
- portability,
- increased flexibility, and
- better manage tax liabilities
- source of truth
WealthPortal is firmly committed to a private ownership structure free of any institutional bias, influences or bureaucratic procrastination.
Recognising that long-term success in any industry ultimately depends on the continuous delivery of an ever-improving and dynamic offering, WealthPortal prides itself on client focus and service delivery which will remain a key driver into the future.
Our aim is to offer you a fully-integrated Managed Account service thereby eliminating difficulties in integrating tax reporting across other financial products and/or the inefficiencies of duplicated administration fees that have served as a disincentive to the take-up of Managed Accounts in Australia .
Our Managed Account Service is the first of a number of strategic financial services WealthPortal is developing for financial planners, accountants and investors alike.
WealthPortal previously offered Separately Managed Accounts (SMA) products through Financial Prosperity Wealth Solutions Pty Ltd (FPWS) which will change its company name to WealthPortal in early August 2010.
Financial Prosperity Wealth Solutions Pty Ltd (FPWS) changed its company name to WealthPortal in early 2010.
The Responsible Entity (the entity who is legally responsible for the service), Custodian and Administrator all remained the same with only a slight change to brand and underlying company name being required.
The new WealthPortal UMA product will be available to invest through from 31 August 2010. If you would like a demo of the WealthPortal UMA including the SMA then please call us on 1300 379 762 or send us an email at Enquiries. We look forward to hearing from you.
Announcement at www.Investordaily .com.au
EXTRACT:
FPWS re-brands for new focus
Newly named WealthPortal eyes UMA market
By Kate Kachor
Mon 23 Aug 2010
Financial Prosperity Wealth Solutions has undergone a re-brand of its name and products.
Investment service provider Financial Prosperity Wealth Solutions (FPWS) intends to focus its attention on the unified managed account (UMA) market following a re-brand earlier this month.FPWS has changed its name to WealthPortal after reshuffling its underlying shareholders of the FPWS Managed Account Service.
In line with the re-brand, WealthPortal intends to roll out a full suite of UMA services at the end of August.
"The UMA service offers a portfolio administration and online reporting for all assets and liabilities in a single investment service, giving advisers and their clients transparency," WealthPortal chair Robyn FitzRoy said.
The benefit of a UMA is that it can manage any type of asset whether it be traditional managed funds, separately managed account, listed securities or privately owned assets, FitzRoy said. WealthPortal has worked with its responsible entity OneVue Limited and partners Australian Money Market and Justsuper to address the shortfalls of existing platforms in Australia.
"We at WealthPortal have been developing this platform with OneVue for some time and we are excited to be offering this service within a matter of weeks," FitzRoy said.