Equiti launches new ownership structure
Equiti Funds Management has launched a new ownership structure that will see financial planners hold a share in its property funds management business.
Following the launch of its Equiti Diversified Property Fund last month, Equiti will “peel off” 10 per cent of its funds management business, according to Equiti executive director Darren Wise.
In return for the equity, planners will not be required to contribute funds. Instead, they will be asked to support the issue of Equiti’s wholesale units into the market, Wise said.
He believes the offer will suit boutique licensees looking to diversify their business with a product ownership.
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
