Pentacle widens reach
Pentacle Property Funds Management has secured alliances with four financial planning groups, which have each agreed to recommend the manager’s products to their clients.
The strategic partnerships are between Pentacle and Core Concepts, Financial Index, Wealth Retirement Solutions and CFL Financial Planning.
Pentacle provides retail investors with the rare opportunity to access wholesale funds and the ability to take advantage of global real estate by investing up to 40 per cent in overseas markets.
Its funds are designed to achieve a total return objective in excess of 9.5 per cent after fees, with significant tax advantages, low volatility and liquidity.
Pentacle director Rohan Kerr said the four financial planning firms’ decision to work with the fund manager would enable it to meet growing investor demand for direct property investments.
“The recommendation by these groups endorses our unique offering to the financial advisory market,” he said.
“Namely, the highly diversified nature of the funds across retail, office and industrial unlisted property sectors and the underlying managers, which represent some of the largest and most successful property managers in Australia (including Centro, Investa, Lend Lease, Valad, Salta, Charter Hall, EG and Macquarie).
“This is an exciting development for Pentacle and we look forward to growing our client base through this association.”
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.