Vontobel Asset Management exceeds $1 billion in AUM
Swiss-based investment manager Vontobel Asset Management announced this week that it had passed a milestone in Australia with assets under management exceeding $1 billion.
Announcing the milestone, Vontobel Asia Pacific executive director Juerg Fritschi said assets under management of the actively-managed Quality Growth equity investment boutique, one of Vontobel's six boutiques, currently stood at approximately $28.7 billion across all countries, with investments focusing on developed as well as emerging markets.
He said the company expected a growing demand across the region for the Global Equity fund as Australian investors continued to underweight global equities in their portfolios.
Fritschi said Vontobel Asset Management's Australian client base included industry and government superannuation funds, multi-managers and non-government organisations.
Recommended for you
AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity.
Financial advisers will have to pay around $10.4 million of the impending $47.3 million CSLR special levy but Treasury has expanded the remit to also include super fund trustees and other retail-facing sub-sectors.
While social media can have positive financial influence, the overwhelming risks signal a greater need for affordable advice as Australians continue to seek financial education on social media.
Fitzpatricks Advice Partners has released a guide on building a national advice firm with the argument that these firms are crucial to facilitating growth in the struggling profession.
