Australian non-institutional licensee Synchron has set up a new company to offer investment solutions to its advisors.
The new company, known as Valant Capital, will help Synchron's more than 400 advisors to gain access to the High Wrap investment account, superannuation account and pension account.
The High Wrap platform will offer access to ten Valant Capital model portfolios.
The broad investment menu of the High Wrap platform will allow Synchron advisors to recommend direct shares, managed accounts, managed funds as well as the Valant Capital model portfolios to clients. The platform will also help to report on non-custodial assets including investment properties, art and other collectibles.
Synchron and Valant Capital director John Prossor said: “This strategic move gives advisers and their clients the trifecta – access to an additional, optional platform which offers very good model portfolios, great functionality for advisers and most importantly, savings for clients in the form of very competitive fees.”
Australia’s Powerwrap will serve as the High Wrap platform administrator, offering a customised version of its next-generation wealth management platform to advisors.
Lonsec Investment Solutions will serve as the asset consultant to the Valant Capital Investment Committee for the model portfolios. The committee will include John Prossor, Valant Capital director John Morrison and Lonsec Investment Solutions CIO Lukasz De Pourbaix.
“The inclusion of Lonsec Investment Solutions and Powerwrap allows Valant Capital to provide optimal solutions for Synchron advisers and their clients at very competitive prices,” Morrison stated.