Lonsec is putting its weight behind the growth of the managed accounts industry, making a key business development hire to help support the rapid expansion of its business in that offering.
Tony Nejasmic would join the research house as head of wealth management sales, with the business citing the growth of its managed accounts and iRate research platform capabilities prompting the hire.
“Managed accounts are increasingly seen as a solution to many of the challenges facing advisers and they continue to gain acceptance. Lonsec is ideally positioned to take advantage of this development,” Lonsec chief executive, Charlie Haynes, said.
“Our previously announced strategy to assist conflicted groups by taking over the investment management responsibility for their managed account solutions will be a key part of Tony’s remit, together with extending our relationship with key wealth management institutions.”