ART completes AvSuper merge
Australian Retirement Trust (ART) has confirmed the completion of its merger with aviation-focused fund, AvSuper.
ART said the merger represents its fourth successor fund transfer so far this financial year.
The announcement said that as part of this transition, more than 4,800 new members and $2.43 billion in funds under management (FUM) have transferred to ART from AvSuper.
ART’s Chief Commercial Officer, Dave Woodall, said onboarding AvSuper is an important step in the growth of ART as the Fund continues to expand in the best financial interests of its more than 2.3 million members.
What do you mean its too complicated to make advisers alone pay? It's really easy. Just blame everything on advisers…
Any CBus executives, managers, death benefit managers, Life insurance managers fined, banned, public shamed, anything happen ??
Not according to Hot Mess Jones who set up the ultimate Adviser disaster.
That's great insight Alan. Given that they most certainly are not - It makes Netwealth's approach even more draconian.
Aren’t there usually platform limits of % of super account in a single fund ? Not for IDPS / SMSF…