Blackstone's $5 Billion Australian Private Wealth Platform added to IOOF Pursuit Investment Platform
La Trobe Financial, Blackstone Portfolio Company's award-winning Credit Fund has been included on the IOOF $50 billion Pursuit's investment platform, expanding La Trobe Financial's retail distribution footprint further following recent appointments to Macquarie Wrap, CFS Wrap, Hub 24, Netwealth and Power Wrap covering some $229 billion Funds Under Advice.
MELBOURNE, Australia - June 12, 2018 - PRLog -- IOOF Pursuit Platform which has over 860 advisers and $50 billion Funds Under Advice has included Blackstone's Australian Portfolio Company, La Trobe Financial, flagship product, the multi-award-
La Trobe Financial's Chief Investment Officer, Chris Andrews stated, "We are delighted to have our flagship product on the IOOF Pursuit investment platform. We have taken this step on the back of significant demand from the financial adviser market as part of our commitment to delivering the highest levels of service and efficiency to advisers and investors across Australia."
Andrews further added, "Our 12 Month Term Account is one of our core retail offerings, standing now at $1.3 billion of the total FUM. Its capital stable, fixed income profile is built on a highly diversified portfolio and over 65 years of management experience."
Michael Watson, La Trobe Financial's Head of Major Clients - Private Wealth said, "We are really pleased to join the IOOF Pursuit platform. Major platforms and licensees are increasingly seeing the importance in partnering with fund managers who offer a genuine point of difference for investors. Our addition to IOOF Pursuit will help more advisers meet client requirements in a time of continued volatile markets and low yields."
La Trobe Financial's Private Wealth Platform, was recently highly rated as the best in Australia by SQM Research following their review of the Australian Mortgage Trust Sector. SQM Research singled out a number of key strengths in La Trobe Financial's Fund operations for investors, including its:
· strong distribution network and market niche;
· "very knowledgeable and experienced staff";
· diversification across geographical sectors and borrowers;
· effective arrears management; and
· "returns, which have consistently been over and above peers and benchmarks".
Watson further commented, "The continued growth of the Private Wealth Platform is an important recognition of adviser demand for quality products."
La Trobe Financial will be making further announcements shortly.
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