Apostle partners with Dundas to target post-retirement segment
Apostle Asset Management has formalised a distribution partnership with Edinburgh-based boutique equity manager Dundas Global Investors Limited to target the post-retirement market.
Apostle said Dundas would offer a new global equity investment strategy to Australian investors with the twin objectives of capital growth and stable, growing dividends.
Commenting on the arrangement, Apostle managing director Karyn West said Apostle had sought out a boutique income-orientated global equity strategy for the Australian market and that Dundas fitted the bill.
The Dundas global portfolio invests in the best public companies from around the world, relying upon proprietary research to identify up to 100 stocks.
The founder of the business, Alan McFarlane, was previously CEO of Walter Scott & Partners Limited. He has over 30 years experience in the investment management industry and is well known in the Australian market place.
He said market participants were going to experience new pressures as the baby boomers shift from their multi-decade era of saving for retirement and start to consume those savings, initially by relying upon their dividend and interest income and eventually by asset liquidation.
"There's a very big difference between compounding your investments and then consuming the assets you've saved," McFarlane said.
Recommended for you
Financial Services Minister, Stephen Jones, has assured the cost and time to enter the financial advice profession will soon be halved, as shadow treasurer Angus Taylor pledges to reach 30,000 advisers.
The positive results of the latest financial adviser exam have helped the advice profession reach 15,600 yet again, according to Wealth Data analysis.
Financial advice firms have told Adviser Ratings they are planning to increase their compliance spend by almost a third, including on enhancements to their cyber security which ASIC has identified as an enforcement priority.
The digital advice platform is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients.
