Instreet issues first white label product
Boutique custom investment provider Instreet has been given the tick of approval from BDO Wealth Management in Victoria to issue its latest Catalyst Asset Management Capped Growth Asset Allocation product from its DPA platform - the first white label product for the Sydney-based firm.
Instreet managing director George Lucas said it was an important step for the firm's development.
"It confirms Instreet's growth as a reliable and trusted issuer with a professional and skilled team," Lucas said.
Instreet's success up to now has been built around offering institutional products to retail investors. With the first white label product offered on its platform, Instreet is now a competitive product provider for external distribution groups.
"We can readily provide a competitive alternative to other issuers and investment banks because our structuring costs are lower and we have a strong, professional team which rivals many of the best investment banks," Lucas said.
The Catalyst Capped Growth Deferred Purchase Agreements developed by BDO Wealth Management in conjunction with Terboven Pty Ltd offer four series with exposure to different markets - including Australian share market and listed property series.
Lucas added that the Catalyst Asset Management product was the first of several further transactions being explored by Instreet.
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By Pokrajac
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