Lonsec launches ETF model portfolios
Lonsec Stockbroking has released a series of five model portfolios that invest via a range of passive exchange traded funds (ETF) across traditional asset classes.
Each of the five portfolios is aligned to a different risk profile from defensive through to high growth with investors able to access Australian equities, international equities, property securities, fixed interest and cash via the ETFs.
The portfolios have been built using Lonsec’s own research, with the portfolios reviewed and rebalanced twice yearly to achieve best results for investors.
Lonsec Stockbroking’s Investment adviser Geoff Beeston said the portfolios address demand for ETFs, particularly among the wealth accumulator market who want to access different asset classes at a lower cost than the traditional investment model using managed funds.
“There is rising interest from financial advisers as they realise how ETFs can be used to help their clients gain access to major asset classes. Typical ETF investors hold financial products for over 18 months, meaning these portfolios are relatively easy to manage, reducing administration time for financial advisers and enabling them to focus more time on achieving their clients’ investment objectives,” Beeston said.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
