Financial services company looks to strengthen portfolio construction capabilities

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A financial services research group says the creation of a new business division will strengthen portfolio construction capabilities for advisers.

Lonsec has announced the creation of its new division, Lonsec Investment Solutions. The company said the division will deliver packaged investment solutions for advisers.

Lonsec’s Lukasz de Pourbaix has been appointed CIO of Lonsec Investment Solutions. He said the post-FoFA environment had seen a significant increase in the regulatory and administrative burden on advisers.

“Investment Solutions aims to address these dual challenges by bringing together Lonsec’s established broad listed and unlisted investment research as well as our proven portfolio construction capabilities. Importantly, Lonsec is not issuing financial products, we are enabling our portfolio capabilities to be accessed in a more efficient manner,” de Pourbaix said.

Lonsec has also promoted Veronica Klaus to general manager of investment consulting. Klaus has close to 20 years of researchh and investment consulting experience.

The company said the first priority of the new division would be to look at ways to broaden its suite of managed portfolios, both through increasing the number of managed account platforms its managed fund and listed model portfolios are available on, as well as exploring new portfolio solutions incorporating additional investment vehicles such as mFunds, LICs and ETFs.

“Combining these product benefits with Lonsec’s research and portfolio construction expertise, and making them available to more financial advisers through more platforms, is one practical example of how Lonsec Investment Solutions, can bring together Lonsec’s broad expertise to deliver real outcomes for financial advisers and their clients,” de Pourbaix said.

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