Mason Stevens launches managed account
Investment management firm, Mason Stevens has joined with Perpetual to launch a new managed account — the Perpetual Direct Equity Alpha Portfolio.
The company said the product would be managed by Perpetual Investment Management on its Managed Account service.
Announcing the move, Mason Stevens chief executive Thomas Bignill said investors would benefit from Perpetual's bottom-up stock selection approach to investing delivered through a transparent, separately managed account structure.
The announcement said the portfolio would adopt a standalone strategy available only in an SMA format, rather than replicating an existing managed fund.
"Perpetual is one of the best fund managers in the market. We're excited to be able to add the portfolio to the Mason Stevens Managed Account service," Bignill said.
AUTHOR
Staff Writer
Recommended for you
Following an extraordinary general meeting today, Dixon Advisory parent company E&P Financial Group’s shareholders have voted on its proposed delisting from the ASX.
While overall financial adviser numbers have dipped below 15,500 this week, Rhombus Advisory is experiencing growth and approaching 500 advisers in its ranks.
Iress’ Xplan continues to dominate the financial planning software market with a multitude of uses, according to Netwealth research, despite newer players battling for a piece of the pie.
ASIC has shared the percentage of breach reports related to financial advice in FY24, noting increased reporting by smaller AFSLs.
