Fidelity launches first SMA
Fidelity has launched its first Australian equity separately managed account (SMA) in partnership with platform provider Praemium.
The actively-managed Australian equity model would be managed by Fidelity portfolio manager Kate Howitt.
Fidelity said the decision to launch an SMA had opened a new channel for investors to access Fidelity’s global research capability and for the firm to build stronger relationships with clients.
Simon Glazier, Fidelity head of wholesale sales, said: “The SMA structure makes sense for the right client because investors own the shares they’re invested in which can offer tax benefits but don’t have administrative burden of investing directly in the stock market. At the same time, they’re benefiting from the expertise and research resources of a professional manager”.
Damian Cilmi, Praemium head of investment managers and governance, said: “Praemium is committed to providing its clients with access to high-quality managers and investment options. As one of the largest, most experienced global asset managers, Fidelity International recognises the importance of offering managed account solutions to meet the diversified and growing needs of investors and we are delighted to be their platform of choice for their first SMA”.
AUTHOR
Laura Dew
Recommended for you
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
