Apostle signs strategic alliance
Apostle Asset Management has entered an alliance with global real estate investment management services provider AEW Capital Management.
In terms of the alliance, Apostle will distribute AEW’s specialist portfolio management services in direct and listed global and regional property to the institutional marketplace in Australia.
The alliance is part of a growing AEW focus on investment opportunities in Australia and the Asia-Pacific region, which includes the opening last year of an office in Singapore, according to Apostle Managing Director Karyn West.
She said Apostle — which has $5.7 billion in funds under management — will “mark the new relationship” with a national road show next month to help AEW launch its new Value Investors Asia Fund in Australia.
AEW, which currently manages more than $46 billion of property assets and securities, will retain a distribution alliance with BT Investment Management for the adviser-driven platform market in Australia.
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.
