RAM targets HNW clients with new portfolio
Real Asset Management (RAM) has launched a bespoke multi-asset portfolio aimed at high net worth (HNW) clients, including Asian clients who have completed significant investment visa (SIV) requirements.
RAM Australia’s chief executive, Scott Kelly said the launch was a natural progression as the firm’s Australian and international client base evolved.
The company addressed its new portfolio in particular to HNW Asian clients who were in the process to obtain Australian residence under which foreign applicants were required to invest at least $5 million in Australia, largely in fixed income and property funds, with the balance in emerging market equities and venture capital for a period of four years.
The firm noted that once investors completed the SIV process they would become subject to Australian taxation so they often opted a more sophisticated Australia-based portfolio.
At the same time, RAM said it had strong growth in wealth Australian clients who wished to diversify investments managed from here.
“We embrace the notion that wealthy families have a natural bias towards real assets such as real estate and incorporate that into our investment process and portfolios,” Kelly said.
“This allows our clients to benefit from a truly diversified and risk-controlled portfolio, generated using the entire spectrum of asset management products, but still have exposure to preferred real assets like commercial real estate.”
The firm said it had launched new fixed income, private equity and real estate investment strategies for clients, increased assets under management and bought nine metropolitan and regional Australian shopping centres for its Australian Retail Property Fund.
AUTHOR
Oksana Patron
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.
