Portfolio Partners ramps up retail focus
Portfolio Partners is aiming to combat the fierce competition faced by fund managers when seeking exposure to platforms and dealer group recommended lists by creating a new senior distribution role to target this sector of the market.
The group has signed-up former Centro Properties Group national retail distribution manager Bernadette Spiteri as head of retail sales to focus on strategies to increase retail inflows for the group’s key offerings in the retail space.
These funds are the Elite Opportunities Trust and High Growth Shares Trust, which have $100 million and $600 million respectively.
Spiteri joins the group’s Melbourne office next month, with the chief aim of building on the fund’s existing listings on the BT, Macquarie, Navigator and Skandia wrap platforms.
Before her time at Centro, Spiteri spent 12 years with BT Financial Group in a variety of roles, including heading up BT’s Melbourne and Brisbane offices.
“Portfolio Partners has ambitious plans to take its retail business forward and I look forward to being a part of that,” Spiteri says.
Portfolio Partners managing director Craig Bingham says the move will expand the group’s retail presence further, and follows retail inflows almost doubling over the financial year ending June 30 compared to corresponding 12 month period.
“We are delighted to welcome Bernadette to the team. [Spiteri’s] knowledge of the industry, together with her management and strategic skills, will see her make an exceptional contribution,” Bingham says.
AUTHOR
Craig Phillips
Recommended for you
As the government announces a public inquiry into the collapse of Dixon Advisory, risk adviser Richard Silberman has detailed the three areas that typically lead to an AFSL's collapse.
With a growing number of advisers now running their own business, they need to pivot their career identity to being a business owner rather than just as a financial adviser if they want to futureproof their business.
Zenith Investment Partners has launched a range of new managed account portfolios over the past quarter, including on Insignia Financial’s Expand platform.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
