Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Jana expands into retail market

JANA/retail/Royal-Commission/managed-accounts/financial-advice/private-wealth/

5 May 2020
| By Oksana Patron |
image
image image
expand image

Institutional investment consultancy, Jana, has announced its expansion into the retail market which will see the firm offer its managed account services to financial advice and private wealth practices as the response to the ongoing shift towards self-licensing.

This would mean that financial planning and private wealth firms would be provided with access to Jana’s managed account portfolios, tailored consulting services as well as a team of over 80 investment professionals.

Jana’s chief executive, Jim Lamborn, said the company would not exclude the opportunity to partner with a number of practices to help ensure the quality of advice.

According to the firm, the adviser-focussed consulting market was currently highly fragmented and had a wide range of players ranging from individual consultants through to boutiques to larger institutionally-owned consulting firms.

“The dramatically changing investment and business landscape means financial planning and private wealth practices need to readdress their investment structures and processes, with a heightened focus on good governance post-Royal Commission,” Lamborn noted.

“We are delighted to bring Jana's 30 year-history of deep investment insights and longstanding track record of excellence as a true alternative for high quality advice and private wealth practices seeking a strategic, long-term and reliable investment consulting partner.”

Jana launched its first set of managed accounts on behalf of a Melbourne-based advice business 12 months ago and since then it had signed on a further two clients and was now positioned to extend those discussions further.

The firm’s total assets under advice sat at approximately $600 billion, with clients including  Australia’s leading superannuation funds, insurers, government departments and long service leave funds, as well as charities and foundations.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

5 days 6 hours ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

4 weeks 2 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 1 day ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 1 day ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

2 weeks 2 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND