Avenue hands research contract to Lonsec
Financialplanning dealer groupAvenue Capital Managementhas chosenLonsdale Securities(Lonsec) to provide research for its network of planners.
Under the deal, Lonsec will supply Avenue with research on listed equities, managed funds, agribusiness, property syndicates and listed income investments research.
On the selection of Lonsec, Avenue finance and administration manager Simon Corbridge says: “We felt that their offering was sufficiently broad to answer the network issues that we had.”
Lonsec was chosen over Avenue’s previous research supplier — which Corbridge dec-lined to name — as he says it covers a full spectrum of market sectors, and information is provided via a continuously updated web-based service. The previous supplier focused only on managed fund research.
Lonsec national marketing manager John O’Shea says: “Our selection is really to do with our overall quality of research and breadth of offering, covered from the perspective of what financial planners would be looking at.”
The agreement commences on February 1.
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