Strategy hires van Eyk as consultant
Van Eyk Researchhas won the mandate to become the investment and asset consultant to the Strategy Portfolio group’s new suite of investment portfolios, which form part of the Strategy Retirement Fund offering.
There will be six portfolios under van Eyk’s charge which are designed to suit different levels of risk tolerance of Strategy’s investors.
Strategy, which markets and distributes master trusts and wrap accounts, says van Eyk will also simplify the fund selection process for financial advisers in offering tailor-made strategies for different investors’ needs.
According to Strategy national manager Mark Duncan, van Eyk will be providing additional information to advisers about the funds selected and the methodology used in the portfolio construction. He says the deal caps a strong start to the year for the group.
“After less than 18 months in the marketplace, Strategy now has over $300 million in funds under administration,” he says.
Strategy has also recently added ethical funds to its investment suite in response to adviser feedback, Duncan says.
Van Eyk will be used in conjunction with its existing in-house investment committee in its new role as consultant.
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 wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
