Futuro and Profusion join ASI SMA service
Aberdeen Standard Investments (ASI) has signed on Futuro Financial Services and Profusion Planning to its separately managed account (SMA) service.
The SMA service managed 18 multi-asset, Australian equities, and exchange traded fund managed portfolios for advice businesses and on public menus.
ASI head of wholesale sales, Con Koromilas, said: “After a decade of structural change, increased regulation and industry reform, many financial planners are finding it difficult to balance an increased compliance burden and still give their entire book of clients the individual attention they deserve.
“Our separately managed account solutions give time back to advisers so they can service each of their clients the way they want to, with the trust and backing of ASI’s team of over 1000 investment professionals, including 120 multi-asset experts.”
Commenting, managing director of the group that owned Futuro, Paul Kelly said: “Partnering with ASI to deliver bespoke SMA solutions will make recent and future periods of market instability far more manageable for our member firms and independent financial adviser partners”.
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.
