Hall Chadwick launches first managed account

fortnum private wealth managed account launch

19 June 2018
| By Hannah Wootton |
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Fortnum Private Wealth’s latest addition, Hall Chadwick QLD SMSF & Financial Advisors, has jumped on the managed accounts bandwagon, awarding Innova Asset Management a substantial mandate to run its first managed account offering.

The private label managed account solution would run on the Netwealth platform.

Hall Chadwick’s management said that the managed account structure aligned with the firm’s ethos of focusing on clients’ personal and financial goals, as it would provide clients with heightened control and flexibility in a cost-effective package.

The management team said that it selected Innova as they similarly place client goals at the “forefront of their investment process”.

It also cited Innova’s focus on managing investment risk as a reason for the partnership, saying that it would play a crucial role in managing investor behaviour through all conditions.

Innova was excited to work with Hall Chadwick for the same reasons.

“They understand clients and the harmful risk of market risk. While investment returns matter, behaviour matters more,” Innova managing director and co-chief investment officer, Dan Miles, said.

Money Management is currently running a survey to work out what is driving the trend toward managed accounts and who is winning big from it. Advisers who complete our survey here will be in the running to win a bottle of Penfolds Grange Hermitage.

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