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Select Asset Management has been appointed to manage three investment funds of Melbourne wealth manager and adviser Finovia Portfolio Solutions.
The three funds, launched on March 15, are the Finovia Defensive Portfolio, Finovia Balanced Portfolio and the Finovia Growth Portfolio.
Available exclusively to Finovia clients via Asgard on Finovia eWrap and Finovia Essential eWrap, the three funds aim to achieve regular compounding rates of return above cash.
The investment approach seeks exposure to opportunities across various assets, sectors, styles and strategies suitable for investors with different risk profiles.
Select chief executive Andrew Fairweather said the appointment was in keeping with Select’s strategy of providing its “portfolio manufacturing expertise to a small number of high quality dealer groups”.
He said the strategic alliance provides Finovia with three diversified portfolio solutions for its clients and enables them to institutionalise the portfolio management process in their business.
