OneVue Holdings has partnered with digital wealth and research subscription service Eureka Report, a wholly owned subsidiary of News Corporation, to deliver a new independent investment solution.
The solution, brightday, will be a member-centric digital investment solution that facilitates investment management, superannuation and pension plans.
Using OneVue’s technology platform, brightday will provide a flexible end-to-end self managed superannuation fund service, retail superannuation and ability to manage non-superannuation assets.
“OneVue is excited to partner with Eureka Report to deliver a digital service that changes the way Australians manage their wealth,” said OneVue Group CEO Connie Mckeage.
“The launch of Eureka Report’s brightday represents a natural extension of OneVue as a wholesale provider of technology and services to those that service investors, including advisors and accountants.”
Eureka Report Executive General Manager James Leplaw commented: “Independent research has shown that almost 10 million Australians want to take greater control of their financial future, including one million people who are considering whether a [self-managed superannuation fund service] is right for them.”
The agreements with Eureka Report are for an initial five-year term, with the option of a further three years.
In relation to this arrangement, OneVue’s prospectus included forecast funds under management of $200 million by 30 June 2015, with revenue to come from investment management and administration fees.
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