OneVue’s new UMA fee structure aims for SMSF integration
Platform provider OneVue has announced a new “simplified” fee structure for its unified managed account platform (UMA), listing self-managed superannuation fund integration as a factor in the change.
In a statement, the company announced the UMA will now offer two separate investment packages – WRAP+ and UMA VINTAGE – which have been developed off the back of consultation with advisers and OneVue customers.
“Both investment packages will offer next generation transaction, administration and reporting services, with self-managed super integration,” said OneVue head of sales Stephen Karrasch.
“What is really exciting is simplified tiered pricing has been formulated for these packages so advisers can consolidate multiple asset types via one simple structure.
“Rather than product-by-product pricing, most of the available investments in WRAP+ and UMA VINTAGE can be priced collectively, which makes fees easier to understand and communicate.”
Chief executive of strategic relationships Brett Marsh previously told SMSF Adviser that approximately two thirds of OneVue’s business involves SMSFs, with the company receiving increased inquiries about new fund establishments and limited recourse borrowing arrangements.