MacarthurCook passes $1 billion and flags growth
MacarthurCook Fund Management wants to boost its retail sales in the next 12 months, managing director Craig Dunstan said.
The listed property manager has just passed $1 billion in funds under management, but Dunstan admits there is more work to be done getting financial planners to use its products more.
“We are re-jigging the fees on our retail funds to encourage advisers to look at our products,” he told Money Management.
“Although we have research on all our funds, we are seeking additional reports to enable the products be put on more platforms and approved lists.”
MacarthurCook now has seven business development managers covering all states except South Australia and Tasmania.
“We are going to participate in more dealer group professional development days and conferences,” Dunstan said.
“We need to boost our retail inflows from financial planners and we will be focused on this market in the next 12 months.”
The manager will be launching a retail property fund later this year, but he says the lack of good Australian assets is forcing the company to look offshore.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
