Astarra opens diversified funds to retail investors
Astarra Funds Management has made its three diversified funds available to retail investors for the first time in its 15 year existence.
The Astarra conservative, balanced and growth funds have until now only been available to investors via Astarra’s master trust.
However, Astarra “believes financial advisers can utilise these funds to deliver long-term stability, income and growth for their clients”, according to chief executive Rex Phillpott.
“Recent market conditions have led many financial planners to look for better options in regards to building sustainable portfolios for their clients,” Phillpott said.
Many advisers have “begun to recognise that their strengths are in giving advice to their clients” rather than constructing portfolios in which “everyone is an expert in a rising market”.
Phillpott said Astarra incorporates an absolute return philosophy to portfolio construction, which “allows us the flexibility to manage risk while taking advantage of opportunities as they arise”.
AUTHOR
Recommended for you
Advisers could find themselves unable to receive the fair market price of their advice as the Delivering Better Financial Outcomes legislation states superannuation trustees can reject deductions that are not charged on a cost basis.
Two advice professionals have shared five key takeaways as to how advisers can strengthen their communication with clients, especially at review time, in order to build deeper relationships.
The Financial Services Council has launched the Digital Advice Expert Group to support policy development around digital advice adoption and ensure greater accessibility for Australians.
MLC Asset Management’s managed account offerings have hit $2 billion in funds under management, underpinned by over half of financial advisers’ usage of the investment products.
