Aviva Australia today announced that it has further enhanced its share trading functionality on the Navigator platform by allowing advisers to chose from a fully integrated panel of brokers, in addition to a default online broker.
Aviva Australia today announced that it has further enhanced its share trading functionality on the Navigator platform by allowing advisers to chose from a fully integrated panel of brokers, in addition to a default online broker.
Andrew Barker, general manager, wealth management products said that the new panel of brokers will now make it easier for advisers to bring shares onto the wrap.
"The panel of brokers will make it even easier for advisers to trade and report on shares on a wrap. Advisers will also be able to tap into the expertise and research of brokers such as Shaw Stockbroking, Tolhurst Ltd and Bell Financial Group.
"The panel was chosen by Aviva in consultation with financial advisers and allows them to retain existing relationships with their broker houses. Using Navigator's adviser software, n-link, advisers can set up a default broker for all share transactions or choose a broker on a trade-by-trade basis," he said.
Mr Barker also added that Navigator's unique solution was fully integrated and adds to share functionality which was a key driver behind Navigator being recognised as one of the best platforms for self-managed super funds*.
"Navigator provides fully integrated, seamless functionality which enables straight through processing of transactions.
"Providing choice of broker is a key part of share trading flexibility. We expect competitors to follow Navigator's lead in this area," said Mr Barker.
Shaw Stockbroking is now available on the Navigator platform. Tolhurst Ltd and Bell Financial Group will join the panel next month and Goldman Sachs JBWere and Ord Minnett are expected to follow shortly after.
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*Navigator was a finalist in the "Best Platforms for Administering Self-Managed Superannuation" category at the Asset Innovation Awards 2008.
Contact:
Tim Cobb
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Phone: (03) 9829 8509
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Notes to editors:
About Aviva
We are the Australian face of the global Aviva group - a world leader in financial services.
Aviva is the world's fifth-largest insurance group and the largest insurance services provider in the United Kingdom. We are the leading provider of life and pension products in Europe and are actively growing our long-term savings businesses in Asian markets, the USA and Australia.
We have premium income and investment sales of A$103.35 billion and A$764.66 billion of assets under management. Our 59,000 employees serve over 40 million customers.
Aviva has over 150 years of continuous operation in Australia, where our main activities are life insurance, investments and superannuation.
Aviva's consistent record of innovation in the financial planning market dates back to the early 1990s when its Navigator technology and platform first allowed a range of investments to be consolidated into one portfolio. Today, Aviva continues to lead the industry with award-winning wealth creation and wealth protection products.
Together with Portfolio Partners, a funds management company which is also part of the Aviva group, we manage or administer more than A$27 billion in funds for more than 300,000 customers.
*Figures quoted are at 31 December 2007 and in Australian dollars.
Disclaimer
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