Planning group launches SMAs on HUB24

SMA/Activus/HUB24/

31 January 2023
| By Laura Dew |
image
image
expand image

Brisbane-based wealth practice, Patman Planning Group, has partnered with Activus Investment Advisors to launch its separately managed accounts on the HUB24 platform.

The appointment of an external investment manager would allow Patman to establish its own tailored and white-labelled managed portfolios to suit clients’ objectives.

The firm selected Activus following a 12-month search “based on alignment in investment philosophies and its ability to post above-average returns consistently”.

Patman’s managed accounts were now available on HUB4 platform and accessible to all its clients.

Robert Talevski, founder and managing director of Activus, said: “Activus are very pleased to have been selected as the partner of Patman Planning Group.

“Having Patman’s own managed accounts would enhance efficiencies of Patman’s Practice and operations, and the managed accounts framework would allow for timely rebalancing of portfolios to navigate market volatility, especially in today’s environment, being nimble is crucial.”

Michael Patman, managing partner at Patman, said: “Activus has gone above and beyond in making sure that we keep our clients informed with their investments by crafting our relevant investment contents, marketing materials, communication collaterals that are easy to understand.

“It has been a very positive experience working with Robert and his team in this managed accounts journey and I welcome the addition of their expertise and institutional experience to our investment decisions.”

 

 

Read more about:

AUTHOR

Submitted by Bozo on Tue, 2023-01-31 12:54

Standard 3?

Submitted by Anon on Wed, 2023-02-01 10:10

In reply to by Bozo (not verified)

similar to AwareSuper and their Advisers....same same but different.

Submitted by Wildcat on Wed, 2023-02-01 10:18

We have our own MA too. The client pays the asset consultant, we have no financial interest in the asset consultant. Our only rem from any source is the direct fee from the client bank account. If the client does not have the MA our revenue is completely unaffected.

Our own managed account has been a god send in 2022. We have been able to protect client capital by reducing risk early in the calendar year. Without our own MA we could not have executed and protected capital the way we did.

There is no standard 3 matter here provided it is properly and ethically constructed.

Sure, provided it is properly constructed. The reality is many dealer groups are still being subsidised by revenue/profit from managed accounts. Cost recovery overloaded? etc etc - it's just a minefield of potential conflict.

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

3 weeks 6 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 5 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 4 days ago

TOP PERFORMING FUNDS