Adviser Edge signs agribusiness research deal
Adviser Edge has been chosen byHillross Financial Services,AMP Financial PlanningandArrive Wealth Managementto provide research on agribusiness managed investment schemes (MIS).
The deal means Adviser Edge is now providing research to more than 7000 advisers nationally through 100 financial planning companies.
While Adviser Edge is currently researching 32 projects, which is around 80 per cent of the agribusiness market, managing director Shane Kelly expects to see some consolidation in the industry.
“Although we expect the level of funds flowing into the sector to be similar to 2002 levels of around $300 million, there has been a shift in the industry since last year,” Kelly says.
“We think there will be a consolidation back to around 20 core project managers, doing around 30-35 projects, and the industry is quite sustainable at that level.”
Kelly attributes this shift to higher standards and greater compliance leading to a better perception of the companies remaining in the industry, coupled with investors receiving positive returns as projects mature.
Adviser Edge will release their top rated agribusiness MIS projects for 2003 next week.
AUTHOR
Freya Purnell
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