Pinnacle, Hyperion's new retail investment arm
Hyperion Asset Management has announced that Pinnacle Investment Management will operate as its retail distribution arm in a move to help strengthen its retail presence.
The move will allow Hyperion to distribute its products to a wider group of investors through its part owner Pinnacle, according to Hyperion managing director Dr Manny Pohl.
“Our investment team, which has been together for more than 10 years, has produced very strong results for our institutional investors and we’re now looking forward to effectively distributing Hyperion products to a wider investment audience,” Pohl said.
Pinnacle was chosen because of its proven ability to put products in front of the right kind of investors, he said.
“Pinnacle has a unique business framework, using a multi-affiliate approach that we believe is the best model to deliver opportunities for investors and for Hyperion.
“There’s a clear value proposition that we think the advice network will be keen to embrace to the benefit of their clients and an established sales and service methodology that has been tried and tested with other boutique investment management products that Pinnacle has had success with,” Pohl said.
Pinnacle is owned by Pinnacle executives and Wilson HTM Investment Group.
“It’s a combination that gives us the best of two worlds: an asset manager that’s nimble and independent but that also has the resources to back it up,” according to Pohl.
Recommended for you
AZ NGA has entered into a strategic partnership with national advice firm MiQ Private Wealth, as a way to provide a succession solution, as well as career development opportunities for staff.
While the advice profession struggles under growing operating costs, Adviser Ratings has found more than half of practices – some 58 per cent – that generate less than $250,000 in revenue report no profit at all.
The Federal Court has ordered the freezing of assets and the appointment of receivers to two entities linked to Australian Fiduciaries, ASIC’s latest move in an ongoing investigation into the company’s managed investment schemes.
Off the back of the August adviser exam results, the profession has seen 17 new entrants hit the Financial Adviser Register (FAR) this week, helping numbers return to positive territory.