Planning group launches SMAs on 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

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 3 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago