Atrium picks Russell Investments for strategy development
Atrium Investment Management has selected Russell Investments to enhance personalised investment solutions and opportunities for its clients.
This will include designing and actively managing a factor-based Australian equities capability and a customised global listed infrastructure portfolio.
With retail advice network Fitzpatricks being one of Atrium’s key clients, the partnership will enable Atrium to access Russell Investments’ universe of investment opportunities and strategies that would otherwise be out of reach.
Additionally, Atrium’s endowment-style portfolios and customised managed accounts will be supported by Russell Investments’ expertise in portfolio construction and manager research.
Russell Investments will also assist in both strategic and dynamic asset allocation, manager selection and monitoring, trading, liquidity management, and stress testing.
“Russell’s global capabilities and institutional-grade solutions meant it was well-placed to best serve the needs of Atrium’s clients across its endowment-type portfolios and managed accounts,” commented Neil Rogan, Russell Investments’ managing director and head of distribution in Australia and New Zealand.
“Our strong approach to risk management, portfolio implementation and capital market forecasting also set us apart during the due diligence process.”
Tony Edwards, Atrium’s chief investment officer, said the announcement marked an exciting time for the business as it begins its partnership with Russell Investments.
“Their expertise strengthens our ability to provide high-quality portfolio management and investment opportunities for our investors, and do so at greater speed,” Edwards said.
Atrium was launched in 2009 by Fitzpatricks Advice Partners – formerly known as Fitzpatricks Private Wealth – and has grown to more than $2 billion in funds under management for advisers, high-net-worth individuals and not-for-profit organisations.
The investment manager has focused on reshaping the business to improve client outcomes, lower costs for clients via scale, access a larger research capability, and enhance speed between portfolio decision-making and execution.
Atrium and Fitzpatricks Advice Partners’ parent company, Fitzpatricks Financial Group, appointed Andrew Fairweather as its group chief executive last September, replacing Jodie Blackledge who had since taken up the role of CFO at AZ NGA.
Fairweather has been working in wealth management and financial advice for 30 years, and has worked as head of business development at AMP and chief executive at Select Asset Management Australia.
The group CEO said at the time: “It is an honour to be entrusted with the leadership of Fitzpatricks Financial Group as it enters a new chapter. Having worked with the group in a consulting capacity since March 2024, I look forward to diving in further over the coming months and working closely with everyone to drive our shared vision forward.”
AUTHOR
Jasmine Siljic
Recommended for you
MA Financial Group’s new listed investment trust has hit the ASX, while Wilson Asset Management confirms the upcoming launch of its ninth listed investment company.
Global X has appointed a former senior Selfwealth BDM to its sales team as it targets $11 billion in assets under management by the year’s end.
The latest gender pay gap data for Australia has flagged the ongoing challenges in pay equity in financial and insurance services, with women in the sector earning 22.2 per cent less than their male counterparts.
BlackRock has completed its acquisition of private markets research house and data provider Preqin, having first been announced last July.
