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.
All I want to know is how much more will the Adviser sector have to pay?
Like getting slapped with a warm lettuce leaf. I really have to wonder what the penalty would have been if…
AMP had four funds that failed the APT under the Trustee Directed Product test... Which is an absolutely rubbish test…
MIS pay how much ? NOTHING Adviser Govt income Theft continues. Another sad joke from Canberra
Will we be able to look up and compare AMP’s underperforming and performance test challenged funds too?