Aviva is pleased to announce HSBC Bank Australia has chosen Navigator as a platform provider for its bank based financial adviser network.
Aviva is pleased to announce HSBC Bank Australia has chosen Navigator as a platform provider for its bank based financial adviser network.
Paul Northey, Aviva’s general manager distribution, says HSBC’s decision highlights the strength of the Navigator offer over its competitors.
"Our alliance with HSBC creates mutual benefits for both parties that we look forward to growing over time," said Paul.
According to HSBC manager wealth management Sean Allen, Navigator was chosen as a provider after extensive market review and due diligence. The advantage to HSBC customers was clear.
"Through Navigator, HSBC customers have access to more products and services to help them reach their financial goals," he said.
"This is part of HSBC’s commitment to providing market-leading financial planning that is competitive and gives our customers access to value for money products and services," he said.
"Teams from Navigator and HSBC (Financial Planning) have worked extremely well together during this tender process and I am very pleased with the positive result. Both businesses have extensive experience in financial planning and will benefit from a close association," said Sean.
With almost $11billion in funds under administration, Navigator is one of Australia's leading administration platforms. Carrying over 170 investment options, including hedge funds, boutiques and very cost competitive multi-manager portfolios, it is a full service and "baby" platform rolled into one.
Navigator also supports the adviser through its market leading n-link software - a tool box for advisers providing on-line transactions (genuine straight through processing), client management and reporting - in addition to the full financial planning module.
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For further information please contact:
Simon Morgan
Group General Manager Public Affairs
Phone: (03) 9829 8892
Mobile: 0407 966 632
Notes to editors:
- Aviva Australia is a group of two specialist financial services companies: Navigator and Norwich Union Life Australia Ltd. Portfolio Partners, the Australian funds management arm of Aviva plc, is a sister company. Through these companies we provide products and services in the areas of wealth creation, wealth management and wealth protection for more than 300,000 customers throughout Australia.
- Globally, Aviva Australia is part of Aviva plc, the world’s fifth largest insurance group, the largest insurer in the UK and one of the top five life companies in Europe. Aviva was formed in May 2000 through the global merger of CGU plc and Norwich Union plc.
- Aviva is a leading provider of life and pensions products to Europe and has substantial businesses elsewhere around the world. Its main activities are long-term savings, fund management and general insurance. It has premium income and investment sales from continuing operations of A$78 billion, and more than A$624 billion of assets under management (as at 1 July 2004). The group has more than 51,000 employees and 30 million customers worldwide.