Clime fund joins Macquarie Wrap
Clime Asset Management has achieved a breakthrough with its Clime Australian Value Fund (CAVF) being added to the Macquarie Wrap platform.
The company announced this week that the fund would be part of the Macquarie Wrap platform (superannuation, investment and pension menus) from July, 2012.
Commenting on the achievement, CAVF chief investment analyst John Abernethy said he believed more advisers were seeking fund managers which valued the market based on a transparent approach and which had a macro-overlay to justify an allocation.
He said the fund's entry onto the Macquarie Wrap had been supported by some larger independent planning groups - something which gave rise to an expectation of strong growth in the fund over the next 12 months.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
