Lonsec to launch alts solution for HNW market
Lonsec Investment Solutions (LIS) is set to launch a new alternative asset investment solution for financial advisers and their high-net-worth (HNW) clients.
The LIS growth alternatives (LGA) individually managed account (IMA) solution was constructed to enhance portfolio diversification while providing a flexible and customisable investment structure through a managed discretionary account (MDA).
According to Lonsec, the offering was designed exclusively for advisers and their HNW client base, and builds off the back of rising demand for private market investments.
The portfolio includes a range of alternative strategies, such as private equity, hedge funds, real assets, gold, and private credit. With a minimum entry point of $500,000, the portfolio can also be customised at the individual client level.
The solution accesses the partnership between investment platform Netwealth and global fintech iCapital to provide a wholesale IMA focused on alternative assets.
Namely, LGA will harness the administrative services of Netwealth’s off-platform reporting to allow a unified view of the client account and provide an annual tax report.
Nathan Lim, chief investment officer of LIS, recognised the strong demand for greater customisation in investment portfolios.
“The development of this solution comes off the back of rapidly increasing client demand for portfolios with a high level of personalisation, while giving effortless access to the world of alternative assets. LGA provides advisers with an investment vehicle to easily unlock unique opportunities for their high-net-worth clients,” Lim said.
Meanwhile, Netwealth’s managing director and chief executive, Matt Heine, described its partnership with LIS and the new offering as a “significant development”.
“We have combined their portfolio management expertise with Netwealth’s diverse range of alternative and private market investment options, including our non-custodial asset administration service and our exclusive partnership with iCapital,” Heine commented.
“The combination will simplify access and provide greater options to wholesale investors while also driving efficiency.”
On 18 February 2025, Generation Development Group (GDG) announced it had acquired 100 per cent of managed account provider Evidentia Group, which followed GDG’s previous acquisition of Lonsec mid-last year.
As a result of the deal, Lonsec’s research and managed account businesses realigned into two business units: Lonsec Research and Ratings and Evidentia Group. The new Evidentia Group is the combination of the acquired Evidentia, together with Lonsec Investment Solutions and Implemented Portfolios.
The acquisition also saw Lonsec chief executive, Mike Wright, take up the role of chief executive of Evidentia Group.
AUTHOR
Jasmine Siljic
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