Elements adds multi-blend managers
St George Bank-owned groups AdvancedAsset Management and Asgard have unveiled a new deal for the latter’s mini-platform, Elements, to carry a wholesale version of the 10 multi-manager funds recently launched as part of Advance’s retail product upgrade.
“Our Multi-Blend funds place a strong emphasis on risk reduction by diversifying across three dimensions: sectors, managers and investment styles,” Advance managing director Kate Mulligan says.
Asgard has also announced a new online tool for advisers called ‘sector templating’ to take advantage of the new multi-blend offering through Elements.
“Sector templating is a unique feature of Asgard Elements. It allows advisers to build their own risk-based model portfolios using the five Advance Multi-Blend single sector funds, whilst retaining the decision over asset allocation themselves,” chief executive of Asgard’s parent group Sealcorp, Geoff Lloyd says.
He adds the new tool will save advisers time, and feature a single template that can be assigned in bulk to clients across investment, super and pension.
Mulligan says the multi-blend funds are designed to allow investors looking to the long-term to access a range of strategically aligned managers across a spectrum of asset classes.
Recommended for you
The strategic partnership with Oaktree Capital and AZ NGA is likely to pave the way for overseas players looking to enter the Australian financial advice market, according to experts.
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
Increasing revenue per client is a strategic priority for over half of financial advice businesses, a new report has found, with documented processes being a key way to achieving this.
The education provider has encouraged all financial advisers to avoid a “last-minute scramble” in meeting education requirements prior to the 31 December 2025 deadline.
