Equity Trustees looks to super for growth
Equity Trusteesis considering the rolling out of a self-managed superannuation funds administration package in a bid to boost its superannuation business.
Superannuation is one of four new internal business units created by managing director Peter Williams since he joined the company earlier this year.
“Our superannuation business covers all the areas of self-managed funds, so we are looking at packaging that into one product forAPRAandATOfunds.
“We are looking at a product offer that would also include the recently acquired Wealthpac master trust,” Williams says.
The master trust has $110 million of superannuation funds under administration and is used by more than 7,500 members of employer schemes.
However, the group is also looking to push its funds management business unit and Williams says it will continue working with boutique fund managers to build a range of niche products for retail distribution.
“We will look at finding other managers for products and use the same model where we handle distribution while the boutique looks after the money.”
The group plans to boost the trust areas of the business in the future while also expanding its private clients business unit, which is managed by Jan Byers.
“We have got some work to do on developing our private clients’ business model. We want to shift to a more external focus and develop a client relationship model,” Williams says.
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