AWFM changes name to enter retail fray
Australian Funds Marketing Limited (AFM), which was previously known as Australian Wholesale Funds Marketing Limited, has moved into the retail space after obtaining the appropriate licensing from the regulator.
AFM director John Donovan said the name change was part of the company’s strategic move into the retail arena.
“This is a significant step and enhances AFM’s distribution channels in the Australian market,” he said. Donovan said the retail Australian Financial Services licence would enable AFM to place its managers’ products on wraps and platforms as well as allow them to be marketed by financial planners and dealer groups.
“To our knowledge, we are the only independent company to offer a one-stop shop to international and domestic fund managers wishing to enter the local market,” he said.
Donovan said AFM was the Australian representative for several leading global managers, including Davids Selected Advisors of New York and Martin Currie Investment Management.
Recommended for you
As the government announces a public inquiry into the collapse of Dixon Advisory, risk adviser Richard Silberman has detailed the three areas that typically lead to an AFSL's collapse.
With a growing number of advisers now running their own business, they need to pivot their career identity to being a business owner rather than just as a financial adviser if they want to futureproof their business.
Zenith Investment Partners has launched a range of new managed account portfolios over the past quarter, including on Insignia Financial’s Expand platform.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.