Independent dealership Matrix Planning Solutions has reappointed Oasis Asset Management to provide its two badged platforms for five years.
The Sydney-based boutique has $1.2 billion in funds under management (FUM) on its Matrix Superannuation Master Trust and Matrix Portfolio Service.
"We feel that we have a duty of care to review our badged platform offering along with the other platforms every year," Matrix Financial Solutions managing director Allison Dummett said.
"We did a full comparison .. and found Oasis stacks up really well."
Asgard, BT Wrap, Colonial First State First Choice, Navigator, Macquarie Wrap and Perpetual sit alongside the Matrix-badged platforms on its approved product list.
Matrix has 79 advisers in 35 practices.
Oasis has held the Matrix contract since 2001. It is its second major contract renewal in as many months.
Australian Financial Services Group (AFS) reappointed Oasis as provider of its Strategic Portfolio platform in July.
The tender process narrowed to a two horse race concluding in Oasis beating Navigator. AFS chief Peter Daly said the support of Oasis parent ING Australia, which owns a 73 per cent stake, was a winning factor.
Oasis has eight clients with more than $5.2 billion FUM. Oasis chief Wayne Lowe plans to top $10 billion FUM by 2010.
Financial Planning & Life, Infocus Money Management, Mariner Financial, Professional Investment Services, Total Financial Solutions Australia and Wealthtrac are also Oasis clients.
