PIS signs Lonsec and Van Eyk to research deal
Independent dealer groupProfessional Investment Services (PIS)has expanded its research offering by signing up (Lonsec)Lonsdale SecuritiesandVan Eykas preferred research suppliers to complement the group’s existing research offering.
More than 700 proper authority holders using the PIS network can now access managed fund research from Lonsec and Van Eyk at a discounted rate.
Previously, PIS only offered research from FPI, the research service available through Norwich Union’s Navigator master trust.
“We wanted to add-value to our service by supplementing our research offering,” PIS research manager Mark Teale says.
“With current markets conditions as they are, you can’t have enough research.”
Lonsec managing director Norman Graham says the group has already seen an increase in client interest on the back of the PIS deal.
Lonsec provides research on alternative investments, including agribusiness and property syndication, as well as more traditional managed funds.
Last year, it recommended only five of the 21 agribusiness funds it researched, while this year the firm has already recommended seven of 12 property syndicates it has evaluated.
PIS will continue to offer FPI’s research, but the addition of research from Lonsec and Van Eyk will provide wider coverage across the funds management industry, Teale says.
Recommended for you
AFCA has confirmed United Global Capital’s membership of the body will not be extended to accept further complaints, avoiding a repeat of the Dixon Advisory scenario.
Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.
Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
