BetaShares launches ETF model portfolio service
BetaShares has launched a bespoke asset allocation and exchange traded fund (ETF) model portfolio service on the back on adviser demand, aimed to serve the firm's financial adviser clients.
BetaShares said the service included strategic asset allocation (SAA) model portfolios, dynamic asset allocation (DAA) model portfolios, and managed risk and income model portfolios.
The managed risk and income portfolios were designed to enhance income and reduce volatility, BetaShares said.
Nevertheless, all portfolios had been developed for five different risk profiles, so advisers could choose from conservative, moderate, balanced, growth, and high growth.
Performance would be tracked and model allocations would be adjusted on a quarterly basis, as asset valuations and projected returned changed.
Participating advisers would receive quarterly reports, face-to-face support, digital assets and be invited to attend regular webinars.
BetaShares director of institutional business and national accounts, Vinnie Wadhera, said they developed the services after consulting with their existing adviser clients and seeing what they really wanted.
Managing director, Alex Vynokur, said several financial advisory groups had already taken up the new portfolio service.
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
