Select Asset Management forms foundation alliance
A new funds management and third party marketing and distribution firm has opened its doors in Australia in the form of Winston Capital Partners.
At the same time, the company announced what it described as a "foundation alliance" with Australian specialist investment management firm Select Asset Management.
Winston has been founded in partnership by Stephen Robertson, Nathan Wares and Andrew Fairweather, who have more than 60 years' combined experience in the funds management arena.
Announcing the new firm, the partners said it would build its presence in the Australian market based on four key pillars: funds formation, third party distribution, capital raising and specialist advisory.
"Winston fills a gap in the Australian investment management market for professional distribution, capital raising and advice services which, at their core, link best-in-class domestic and offshore fund managers to philosophically aligned investors," Robertson said.
He said that the company would also develop specialist asset management product lines targeting the growing demand for innovative alpha generation and investment capability.
Recommended for you
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.
