Elston launches SMA offering via HUB24
Elston Asset Management has announced a strategic partnership with Brisbane-based wealth management firm, Quill Group to launch a private label separately managed account (SMA) offering via HUB24.
Elston head of distribution, Mark Smith said: “The team at Quill have long recognised the benefits of managed accounts in delivering not only some great outcomes for their clients but also greater scale and efficiencies for their business”.
Elston currently offers a range of SMA models across HUB4, Macquarie, and Netwealth and manages around $1.4 billion through managed account structures on behalf of clients across Australia.
The firm has off-the-shelf models and works with licensees looking to partner with a managed accounts specialist to develop their own private label SMA.
Quill Group chief executive, Peter Kirk, said: “The team at Elston were responsive to our needs and understood the change management required internally for our business as well as the practical difficulties of transitioning clients monies on to managed accounts”.
“Their experience in this area was invaluable in assisting us understand the process and make for a seamless transition.”
AUTHOR
Malavika Santhebennur
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
