ClearView Wealth signs MOU with Manulife
ClearView Wealth is to launch a range of investment products with Manulife Investment Management in a strategic partnership between the two firms.
The two firms had signed a memorandum of understanding (MOU) to collaborate on wealth management and retirement income solutions for Australian retail investors.
It would particularly focus on those investors in the decumulation stage.
ClearView managing director, Simon Swanson, said: “ClearView is continuously looking for opportunities to serve our customers and advisers better. With a rapidly growing number of Australians in or nearing retirement, it is critical they have access to products that help them manage their drawdowns. We are excited to partner with one of the world’s leading asset managers to come up with solutions for Australia’s large pre-retiree and retiree market”.
He said the broad reach of Manulife, which was headquartered in Canada, would also support ClearView’s plans to implement liability-driven investments and increase exposure in Asia, environmental, social and governance (ESG) and private asset strategies.
Michael Dommermuth, head of wealth and asset management – Asia, at Manulife Investment Management, said: “Innovative solutions such as liability-driven investment and income-orientated strategies are playing an increasingly important role in aiding investors around the world to generate a stable income in retirement.
“Similarly, in Australia, there is a clear need for effective retirement income solutions to help more people achieve their retirement goals.”
AUTHOR
Laura Dew
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
