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.
Recommended for you
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
Betashares has named the top Australian suburbs with the highest spare cash flow, shining a light on where financial advisers could eye out potential clients.
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.
Estimates for the calendar year 2024 put the advice industry on track for a loss in adviser numbers as exits offset gains from new entrants.
