Allan Gray investments now available to advisers via Astute

Astute, the company that integrates data from financial services product providers for use by advisers undertaking planning for clients, has boosted the ranks of investment companies available on the platform with the addition of Allan Gray.

Allan Gray, the largest privately owned investment management firm in southern Africa, adopts a valuation–based approach to investing to deliver above average long-term returns at less risk of loss. This is achieved by determining whether an asset offers superior fundamental value by comparing price to intrinsic or underlying value.

Said Astute Managing Director, Biddie Biddulph: “We’re delighted to have on board a company of Allan Gray’s stature. With Momentum Wealth, Galaxy Portfolio Services and Stanlib also recently having joined the platform, Allan Gray is in distinguished company. Its inclusion on Astute means that financial advisers and their assistants can use the platform to retrieve clients’ investment information from Allan Gray.”

Data will be provided only to the financial adviser on record for the specific client he or she is requesting information for. In line with legislation, Astute requires that advisers obtain their clients’ written consent prior to retrieving information. This is a condition of use of the Astute service.

Said Allan Gray’s online channel head, Chris Tisdall: “We are pleased to be able to offer independent financial advisers the ability to access their clients’ Allan Gray investment information via Astute. The service will certainly simplify advisers’ consolidated client reporting and hopefully aid in the provision quality financial advice.”