Lonsec to give ThreeSixty managed funds research
Greg Miller
MLC’s research arm ThreeSixty, which provides assessments of managed funds to the various NAB-owned financial planning dealers groups, has appointed Lonsec as its primary research provider.
Lonsec will now deliver research to ThreeSixty in regard to managed funds that will include more sophisticated offerings such as structured products, infrastructure and unlisted property.
MLC Advice Solutions general manager Greg Miller said: “During the past six months we have looked at how we could best evolve our insource-outsource model, redefining our internal research processes and better leveraging the external research available in the market.”
“Our model is based on leveraging research, which is readily available from other providers such as Lonsec, and focusing our in-house research efforts on specialised research services, such as portfolio construction and investment communications,” he added.
According to Miller, Lonsec was chosen because of the depth and breadth of the managed funds it covered, the regularity of its asset class reviews, the amount of research available on its adviser website, and the quality of its research team.
MLC has emphasised that Lonsec’s appointment will not affect the structure of ThreeSixty’s inhouse research team, which will still be headed by Lisa Boyce.
The announcement means Lonsec joins Aegis as another external party providing research to ThreeSixty.
Aegis was appointed 18 months ago and supplies ThreeSixty with analysis regarding listed securities.
Recommended for you
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
