Pentacle widens reach
Pentacle Property Funds Management has secured alliances with four financial planning groups, which have each agreed to recommend the manager’s products to their clients.
The strategic partnerships are between Pentacle and Core Concepts, Financial Index, Wealth Retirement Solutions and CFL Financial Planning.
Pentacle provides retail investors with the rare opportunity to access wholesale funds and the ability to take advantage of global real estate by investing up to 40 per cent in overseas markets.
Its funds are designed to achieve a total return objective in excess of 9.5 per cent after fees, with significant tax advantages, low volatility and liquidity.
Pentacle director Rohan Kerr said the four financial planning firms’ decision to work with the fund manager would enable it to meet growing investor demand for direct property investments.
“The recommendation by these groups endorses our unique offering to the financial advisory market,” he said.
“Namely, the highly diversified nature of the funds across retail, office and industrial unlisted property sectors and the underlying managers, which represent some of the largest and most successful property managers in Australia (including Centro, Investa, Lend Lease, Valad, Salta, Charter Hall, EG and Macquarie).
“This is an exciting development for Pentacle and we look forward to growing our client base through this association.”
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
Count Gold Coast, an equity partner of Count, has entered into binding agreements to acquire clients of two accounting businesses, providing new opportunities for its financial advisers.