Atrium announces lower management costs
Atrium Investment Management has lowered the management cost of the MAPS Diversified Opportunities Portfolios.
The new pricing would be 0.9225 per cent (total cost including GST) and 0.9738 per cent for growth portfolio, with the effect from 1 July.
However, Atrium as portfolio manager would continue to bear the calculated indirect costs of these portfolios out of its management fees, the firm said.
The updated documents, including a supplementary product disclosure statement, would be accessed on the Atrium Adviser Resources webpage or through the HUB24 platform.
At the same time, the moderately conservative option would be no longer available and, following this, MAPS documentation would be no longer available on the Fitzpatricks Private Wealth website.
The HUB24 Fee Calculator was updated and is available via XPLAN.
“We hope you find this content of benefit and that it provides further confidence for advisers utilising Atrium as their outsourced investment partner. We continue to listen to advisers on how we can support your business,” the company said in the press release.
AUTHOR
Oksana Patron
Recommended for you
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
