Brian Thomas to lead Perennial push into adviser arena
Perennial Investment Partners has moved to extend its reach into the financial planning community and has appointed the former head of distribution at Credit Suisse Asset Management, Brian Thomas to lead the push.
The move was announced today by Perennial Investment Partners managing director, Anthony Patterson who said the push into the financial planning arena followed on from IOOF’s announcement that it would be transitioning responsibility for sales, marketing and product development of all Perennial investment capabilities to Perennial.
He said Perennial intended to build on its institutional base and offer advisers improved access to its existing wholesale product range.
“Given the structural shifts in the industry, it is imperative for Perennial to service not only the wholesale market but the underlying investors and their advisers,” Patterson said.
Recommended for you
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.
Australian licensees are expected to make greater use of custom model portfolios for their clients, according to State Street Investment Management, following in the footsteps of US peers.