JANA, Wealthtrac ink investment consulting partnership

Yasmine Raso

Senior Journalist

25 July 2024

JANA Investment Advisers has secured a new investment consulting agreement to provide services for separately managed accounts (SMAs) provider and consultant, Wealthtrac.

Commencing from the 25 August, the partnership will apply to 10 of Wealthtrac’s SMA offerings, currently available on the Macquarie and HUB24 platforms.

The agreement will see JANA’s team of global asset managers support Wealthtrac in building new and developing existing relationships with self-licensed advisers, practices and dealer groups and providing “sophisticated investment strategies”.

“We are excited to support Wealthtrac’s growth objectives and anticipate robust expansion for their SMAs in the years ahead,” Michael Karagianis, Head of Wealth at JANA, said.

“As the industry continues to consolidate client offerings through MDA and SMA structures, the demand for high-quality advice and research becomes increasingly vital. This partnership reflects our shared commitment to providing exceptional value and achieving sustained growth.”

Matthew Johnson, Director at Wealthtrac, said the firm was pleased to have cemented the agreement with JANA.

“We are confident that our partnership with JANA will deliver substantial benefits to our clients by leveraging their highly-resourced team of investment specialists, in-depth manager research, and favourable wholesale fee arrangements,” he said.

“This collaboration will continue to position Wealthtrac as a leading SMA service provider, offering enhanced returns and improved efficiencies for smaller dealers. We look forward to a long and successful relationship with JANA.”