The current market environment provides a unique opportunity for a new breed of asset manager who works closely with financial advisers to assess market demand when developing products, according to newly established Sydney boutique asset manager Instreet.
Managing director George Lucas said the firm will distinguish itself in the crowded marketplace by offering products that will better achieve advisers’ and clients’ goals.
“Instreet believes retail investors are ready to handle products that are structured intelligently, innovative, competitive, and reflect a keen insight into the state of the markets,” he said.
“To achieve this result we will work closely with the financial advisory community and institutions to design products that will strike a chord with the retail investor, effectively providing investment products that will capture the imagination of advisers and be relevant to their clients.”
“At the same time, Instreet will be liaising with the institutions to ensure we are across the latest trends in product development and structuring, as well as what’s happening in a macro sense across all markets.”
Lucas founded Instreet in January of this year, after he left Mariner Financial along with a small team. The venture is backed by dealer group Premium Wealth Management and its members, which has funds under advisement of $2.5 billion.
Instreet has three products currently in various phases of development. The first, a closed-end, end of financial year product, is expected in early May, and has been designed after consultation with some major adviser groups.
Two open-end, platform friendly products offering advisers access to various alternative asset classes and strategies are to be in use in the second half of the year.
Instreet will generate its revenue from a fee on funds under management business model.
