The appointment of an external investment manager would allow Patman to establish its own tailored and white-labelled managed portfolios to suit clients’ objectives.
The firm selected Activus following a 12-month search “based on alignment in investment philosophies and its ability to post above-average returns consistently”.
Patman’s managed accounts were now available on HUB4 platform and accessible to all its clients.
Robert Talevski, founder and managing director of Activus, said: “Activus are very pleased to have been selected as the partner of Patman Planning Group.
“Having Patman’s own managed accounts would enhance efficiencies of Patman’s Practice and operations, and the managed accounts framework would allow for timely rebalancing of portfolios to navigate market volatility, especially in today’s environment, being nimble is crucial.”
Michael Patman, managing partner at Patman, said: “Activus has gone above and beyond in making sure that we keep our clients informed with their investments by crafting our relevant investment contents, marketing materials, communication collaterals that are easy to understand.
“It has been a very positive experience working with Robert and his team in this managed accounts journey and I welcome the addition of their expertise and institutional experience to our investment decisions.”
We have our own MA too. The client pays the asset consultant, we have no financial interest in the asset consultant. Our only rem from any source is the direct fee from the client bank account. If the client does not have the MA our revenue is completely unaffected.
Our own managed account has been a god send in 2022. We have been able to protect client capital by reducing risk early in the calendar year. Without our own MA we could not have executed and protected capital the way we did.
There is no standard 3 matter here provided it is properly and ethically constructed.
Sure, provided it is properly constructed. The reality is many dealer groups are still being subsidised by revenue/profit from managed accounts. Cost recovery overloaded? etc etc – it’s just a minefield of potential conflict.
Standard 3?
similar to AwareSuper and their Advisers….same same but different.