Ventura reduces costs to financial advisers
PIS-related fund manager Ventura Investments Management has announced it is reducing the cost of its Ventura Wholesale funds in a bid to help financial advisers become more ready for the new Future of Financial Advice (FOFA) environment.
Ventura managing director Kate Mulligan said the decision to reduce costs had followed on from feedback received from financial advisers, and that the cut would represent a 25 per cent discount on previous pricing.
She said the price reduction was achievable because of the inherent efficiencies of the multi-manager fund model.
She said this model was ideal for FOFA, as it helped save financial advisers time and assisted with compliance issues such as auto-rebalancing between asset classes.
At the same time as announcing the cost reduction, Ventura confirmed it had reappointed Russell Investments as investment manager for the fund.
AUTHOR
Mike Taylor
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
