AWFM changes name to enter retail fray
Australian Funds Marketing Limited (AFM), which was previously known as Australian Wholesale Funds Marketing Limited, has moved into the retail space after obtaining the appropriate licensing from the regulator.
AFM director John Donovan said the name change was part of the company’s strategic move into the retail arena.
“This is a significant step and enhances AFM’s distribution channels in the Australian market,” he said. Donovan said the retail Australian Financial Services licence would enable AFM to place its managers’ products on wraps and platforms as well as allow them to be marketed by financial planners and dealer groups.
“To our knowledge, we are the only independent company to offer a one-stop shop to international and domestic fund managers wishing to enter the local market,” he said.
Donovan said AFM was the Australian representative for several leading global managers, including Davids Selected Advisors of New York and Martin Currie Investment Management.
AUTHOR
Mike Taylor
Recommended for you
AZ NGA has partnered with an Adelaide-based accounting and financial planning practice as it expands its presence in South Australia.
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
