PIS advisers gain access to QIC
Grahame Evans
Dealer group Professional Investment Services (PIS) has forged a strategic alliance with Brisbane-based funds management group DDH Grahame to provide retail investors with direct access to QIC wholesale funds.
Queensland Government-owned QIC is Australia’s fifth largest wholesale fund manager with $57 billion under management and provides investment services to public sector superannuation schemes, government investment funds and other clients.
PIS managing director Grahame Evans said PIS advisers would be able to use QIC’s products to obtain exposure to domestic equities, fixed interest, tactical asset allocation and cash.
“The funds are excellent products for superannuation clients and are well suited for investors who have a range of requirements from capital growth to income,” Evans said.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
