Zenith Investment Partners continues its managed account portfolio growth trajectory with the launch of several new managed account portfolios this quarter, including a suite tailored for recently onboarded advice clients, in addition to the roll-out of its Essentials portfolios on Insignia Expand.
The group’s growing, national managed account footprint incorporates the recent launch of several customised portfolios including for Finsec Partners in Adelaide.
Andrew Creaser, Partner with FinSec Partners, said that he was really pleased with the smooth transition to an outsourced model and is looking forward to the efficiency benefits delivered through Zenith’s customised portfolio.
“The decision to move to a customised managed account was a significant one for our business. We spent time building confidence in Zenith’s people managing the portfolio, their portfolio construction methodology and their tailored approach, ensuring it aligned with ours. The transition process to date has been very straight-forward and well supported,” he said.
Steven Tang, Zenith’s head of portfolio solutions, said the Essentials portfolios were launched on Insignia’s Expand platform in July and showcase their wealth of portfolio management experience and internal capabilities in fund research, manager selection and asset allocation, now to a broader range of advisers.
“The Essentials portfolios are designed to achieve their return objectives with lower risk across all markets and time frames, using a combination of active managed funds and lower cost options such as index funds,” Tang said.
“Improving accessibility of our off-the-shelf portfolios has been a big driver of the expansion of our platform footprint and our public menu portfolios are now available across 10 platforms, making our range of portfolios widely accessible across major platforms,” he said.
Zenith currently manages $5.3 billion in client assets across both public menu and customised managed account portfolios.
