Atrium announces lower management costs
Atrium Investment Management has lowered the management cost of the MAPS Diversified Opportunities Portfolios.
The new pricing would be 0.9225 per cent (total cost including GST) and 0.9738 per cent for growth portfolio, with the effect from 1 July.
However, Atrium as portfolio manager would continue to bear the calculated indirect costs of these portfolios out of its management fees, the firm said.
The updated documents, including a supplementary product disclosure statement, would be accessed on the Atrium Adviser Resources webpage or through the HUB24 platform.
At the same time, the moderately conservative option would be no longer available and, following this, MAPS documentation would be no longer available on the Fitzpatricks Private Wealth website.
The HUB24 Fee Calculator was updated and is available via XPLAN.
“We hope you find this content of benefit and that it provides further confidence for advisers utilising Atrium as their outsourced investment partner. We continue to listen to advisers on how we can support your business,” the company said in the press release.
AUTHOR
Oksana Patron
Recommended for you
AUSIEX has announced it will acquire FIIG, a specialist fixed income provider with $4.5 billion in funds under advice.
Platinum Asset Management has announced it is in discussions with a global alternatives fund manager regarding a possible merger to create an $18 billion firm.
Frontier Advisors has bolstered its Japanese footprint through a partnership with the $350 billion asset management arm of Nippon Life Insurance Company.
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
