Shaw and Partners builds up SMA platform to exceed $3b in FUM

Shaw and Partners has confirmed its separately managed accounts (SMAs) platform has notched over $3 billion in funds under management (FUM), following a strong last 12 months that saw over $680 million in new net assets recorded.

The firm’s initial offering of two portfolios covering Australian equities and hybrid income, launched in collaboration with Praemium, has since grown to a suite of 18 now catering for investors with interests in Australian and global equities, debt securities and hybrids, small caps, liquid alternative and other bespoke goals-based solutions.

The platform connects the expertise and experience Shaw and Partners’ in-house investment team and strategies with that of established fund manager partners, including EFG (the firm’s parent company), Munro Partners, T. Rowe Price, ClearBridge Investments, Australian Ethical and Bennelong Funds Management, to ensure clients benefit from each manager’s distinct investment capabilities across several asset classes.

“We are very pleased to have reached this milestone, which reflects the quality of managers we have assembled and the breadth of choice available to our clients,” Martin Crabb, Chief Investment Officer at Shaw and Partners, said.

“A big thank you goes to our investment team, our portfolio services team and our advisers for their contribution to this success.”

The FUM milestone also comes as the SMA offering continues to earn recognition in several managed accounts awards, winning the Australian Fixed Interest category at the IMAP Managed Account Awards in 2023 and being named a finalist in the Australian Equities, Fixed Income, Licensee Managed Account and Multi-Asset categories at the 2024 IMAP awards.

“The growth in our SMA business has been outstanding and strongly endorsed by advisers and clients seeking access to best-in-class managers,” Chris Smith, National Head of Private Wealth at Shaw and Partners, said.

“We are now looking to further expand the SMA offering in Australia, drawing on the knowledge and capabilities of Shaw and Partners New Zealand following the acquisition of ISG.”