Momentum’s international platform adds ‘guided architecture’ fund range, Corporate Savings Plan, new ‘functionalities’

A  new “guided architecture” fund range and a new corporate savings plan for employers are among a number of “product and service enhancements” that have been added to the Momentum Wealth International investment platform.

“Online switching and online illustrations functionality”, for advisers who make use of the Momentum platform, have also been added, according to a statement from Provisca, the UK-based organisation which oversees the platform’s international marketing and distribution operations.

According to Provisca,  the new Momentum Wealth International Select Fund Range range provides a form of “guided architecture” that’s been designed to help advisers to “review the full fund universe available on the Momentum international platform”, and from this, to then pare down the options “to a manageable number of funds” that meet their individual clients’ specific needs.

To access the Select Fund Range, advisers who are logged into the Momentum website click a button in the “Fund Selector” section, which automatically screens out all other funds that aren’t included in the Select Fund category, Provisca says.

The new range was developed in conjunction with Momentum Wealth International’s sister entity, UK-based Momentum Global Investment Management.

The new range will be updated quarterly, making use of a systematic screening process that will add and remove funds from the range on the basis of whether they meet certain standards set by MGIM, Provisca says. (These include having a Morningstar Rating of 4 stars or higher; being a UCITS fund; and having in excess of  US$50m in assets under management.)

In the current quarter, the Select Fund Range consists of more than 170 funds “from major fund managers, with a fair representation across all main asset classes”, according to Provisca.

The Momentum Wealth International platform is based in Guernsey and administered by Guernsey-based Momentum Wealth International Ltd, one of the international businesses of the Johannesburg Stock Exchange-listed, South African insurance and financial services company MMI Holdings. MMI is the third largest listed insurer on the JSE, and was formed in 2010 by the merger of two South African businesses, Metropolitan Holdings and Momentum Group.

At the end of June last year, MMI had total assets under management of US$48bn, an embedded value of US$3.2bn, and a market capitalisation of US$4.1bn.

As reported,  Provisca was named last year to oversee the international marketing and distribution activities of the Momentum platform.

Corporate Savings Plan

As for the new Momentum Wealth International Corporate Savings Plan, it has been designed to give advisers a product that their corporate clients may use to provide retirement funding for their employees, according to Provisca co-founder and marketing director Bryan Low.

The Momentum Wealth International investment platform, he added, is “committed to meeting advisers’ investment proposition needs, from full open architecture through to guided architecture, managed portfolios and bespoke discretionary management”.

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