Experts' Choice passes $1 billion milestone
AMP announced this week that Hillross Financial Services had attracted over $1 billion in funds under management (FUM) to its Experts' Choice Funds multi-manager product range.
The company said the inflows were a reflection of strong adviser interest and ongoing outperformance across the range of funds.
Commenting on the achievement, Hillross managing director Hugh Humphrey said it represented a significant achievement, with the Experts' Choice Funds having grown from $500 million at the end of 2008 to more than double the size over a challenging period.
"Despite the volatility, efficient portfolio construction has delivered clients reduced risk and more consistent returns," he said.
The Experts' Choice Funds are open to investors via a range of administration platforms including North, PortfolioCare, Personalised Portfolio and Macquarie Definitive Wrap.
AUTHOR
Staff Writer
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
