Innovest to provide Five Oceans with research
Five Oceans Asset Management has chosen Innovest Strategic Value Advisors, a rater of publicly held companies, to provide specialist research for its business.
The agreement will complement Five Oceans’ own investment research process by supplying an evaluation of a company’s sustainability management.
Innovest rates companies based on a variety of non-traditional risk factors, such as environmental, social and strategic governance issues, with particular emphasis on competitiveness, profitability and share price performance.
Five Oceans believes these factors provide a good barometer of the long-term value a company is likely to deliver to shareholders.
Innovest chief executive Bill Hartnett said he was delighted to be involved with Five Oceans.
“They are representative of the increasing number of far-sighted mainstream fund managers that are recognising the role that non-traditional as well as traditional investment risk measures play in driving company value,” he said.
Recommended for you
The corporate regulator has announced its first adviser banning of the year with the permanent ban of a Queensland-based former adviser that was sentenced to seven years’ imprisonment.
The Australian financial advice industry has risen by more than 20 advisers this week, with nearly half joining WT Financial and Sequoia.
Two financial advice professionals have shared their tips for success when building an effective Professional Year program as more advisers look to bring on junior staff to their practices.
Numbers are in for 2024, with Wealth Data confirming how many advisers left during the calendar year and which business models saw the largest growth in terms of new licensees.
