Trinity investor advisory board to recommend tender process for managed funds
Trinity’s investor advisory board has notified the company that it will recommend launching a tender process for the management of its unlisted managed funds.
Trinity Funds Management currently manages the unlisted funds.
Trinity chief executive Craig Bellamy said that Trinity would pursue the right to remain as the responsible entity of the funds and was in a position to demonstrate its talent in all aspects of its funds management capabilities.
The advisory board’s recommendation was best practice corporate governance, he said.
Trinity has been working at reducing its debt levels through an asset sale program. It has recently announced it will focus almost exclusively on funds management.
Trinity’s board and management have been rocked by the resignations of its founding chairman, company founder, chief executive and deputy chief executive last month.
AUTHOR
Benjamin Levy
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
