Betashares merges managed accounts with InvestSense
Betashares has announced the merger of its managed accounts business with InvestSense to form a new business – Trellia Wealth Partners.
Under the merged entity, Trellia will offer comprehensive managed account solutions including index-based, active and bespoke portfolio solutions.
The announcement said that with approximately $8 billion in funds under management and a strong growth trajectory, Trellia Wealth Partners will operate as a standalone business, backed by the strength and scale of the Betashares Financial Group.
It said InvestSense Directors Jonathan Tolub, Jonathan Ramsay, Fil Andronaco and Paul Carrington will serve as Partners and have all made a long-term commitment to the business.
Betashares Founder and Chief Executive Officer, Alex Vynokur, said the backdrop for Australia’s financial advice community is very conducive to growth over the coming years, as more people seek advice to make better financial decisions.
“In this climate, Trellia Wealth Partners represents a purpose-built offering that enables financial advisers to leverage innovation, scale, and international best practice to deliver more value to their clients, and assist their practices to grow into the future. We will build on the pedigree, experience and track record in service of Australia’s financial advisers and their clients,” Vynokur said.
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