Ventura on the menu
VenturaInvestment Management, the new funds management arm of dealer group Professional Investment Services (PIS), has received its first stamp of approval with news that one of Australia’s largest master trusts, Navigator, will add the fledgling group to its menu of investment managers.
The Norwich Union owned Navigator is expected to add Ventura to its preferred list of managers in the next scheduled upgrade of its investment menu, exposing the new entity to the 75,000 individual investors and more than 3,000 investment advisers who use the master trust.
The news comes just six weeks after PIS, arguably Australia’s largest independently owned dealer group, struck a deal with the Frank Russell Company to develop the new funds management arm.
Under the deal, Frank Russell, a specialist multi-manager investment group, will distribute its series of sector specific and diversified multi-manager funds through Ventura.
The adoption of Ventura by Navigator means the fund manager now has a presence on two master trusts, with Ventura having been previously added to the manager line-up of PIS’s wholly owned master trust, Mentor Investment Services.
PIS is also in the process of marketing the funds offered by Ventura directly to other independent dealer groups and advisers.
PIS is offering the dealer groups and advisers equity participation in Ventura if they support the funds.
Recommended for you
Retail investment into private credit funds could surpass that of sophisticated investors, according to ASIC, but the regulator admits it is unsure how and where these individuals are first being introduced to the vehicles.
With the high cost of advice keeping young Australians locked out of advice, a fintech provider has said digital advice is key for licensees to capture this unadvised demographic.
ASIC chair Joe Longo has announced he will step down at the end of his term, departing the corporate regulator in May 2026.
When it comes to the phase-out of AT1 bonds, Schroders fixed income manager Helen Mason has urged financial advisers to sell up sooner rather than later or risk capital losses.
