MFS targets planners for growth
Boutique fund managerMFS Groupis to target both boutique and large planner dealerships following the roll-out of a wholesale version of the MFS Premium Income Fund today.
The group, which was established in 1999 and offers over 50 listed and unlisted investment schemes, has to date directly marketed to retail investors but is now aiming to grow its business through intermediary financial advisers channels.
The move includes the imminent appointment of three business development managers - one for each of the New South Wales, Queensland and Victorian states.
According to MFS Group general manager distribution services Sean Preece, the wholesale version will initially have a zero management expense ratio and a minimum investment level of $500,000 will be available to planners through master trust and wrap platforms.
The wholesale premium income fund will invest directly into the retail version, which has $340 million in funds under management, and will therefore have the same investment philosophy and risk profile.
MFS group executive chairman Phil Adams says the move illustrates how the group, which has more than $1 billion under management, is quickly maturing while maintaining a culture of innovation.
“This is a whole new market for MFS and one we expect to pursue with the same vigour and success that we have achieved in the retail market,” Adams says.
Recommended for you
In its first FY26 action, ASIC has cancelled the AFSLs of two Sydney advice firms over their failures to pay industry funding levies.
The Federal Court has made interim travel restraint orders against two Falcon Capital directors, while also freezing one director’s assets.
For the 2025 financial year, all but one listed advice licensee has reported double-digit share price growth – but which licensee has seen the best performance and what activities have they enacted during the period?
Evidentia Group has confirmed its new executive leadership structure, having been formed from the merger between Evidentia and Lonsec Investment Solutions, to shape the future of managed accounts.
