Non-aligned financial services firm Findex Group has appointed State Street Global Advisors (SSGA) to provide tactical asset allocation and advisory services.
Findex Group chief investment officer, Kieran Canavan, said SSGA will provide strategic asset allocation advice across the group’s brands, including Financial Index Wealth Accountants, Centric Wealth, Crowe Horwath Australasia, MOVO, CIVIC Financial Planning and Prescott Securities.
“The key relationship that Findex Group has developed with SSGA is designed to streamline our business structure and operating model, and follows a rigorous review of our research needs,” Canavan said.
He added SSGA’s approach would strengthen Findex Group’s investment and compliance framework.
SSGA Australia managing director of business development, Peter Mitchell, said the firm will work with Findex Group through its Investment Solutions Group, which manages more than $150 billion in asset allocation strategies globally.
He added Findex Group, which has $15 billion in funds under management following its acquisition of Crowe Horwath, was looking at bringing a few services internally such as managed discretionary account administration and research services.
