WEEKLY WRAP: PEOPLE PRODUCTS AND COMPANIES - Perpetual appoints new portfolio manager

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Perpetual appoints new portfolio manager

Perpetual Investments has announced the appointment of Robert Graham-Smith as apPortfolio manager/senior analyst to its multi-sector team based in Sydney.

His arrival adds to the nine-strong multi-sector investment team based in Sydney. He will assume coverage of the absolute return portfolios which form a core part of Perpetual Investments’ Growth and Income Opportunity Funds.

Perpetual’s Opportunity Funds have continued to produce positive returns every year since their inception in 2007. Zenith Investment Partners recently recognised the quality of the Opportunity Funds awarding a ‘Recommended’ rating in the review conducted in June 2012.

The multi sector team manage in excess of $5bn across the range of Perpetual Balanced Funds, Opportunity Funds, and Diversified Real Return Fund creating tailored investment solutions to a broad range of clients.

“Robert is a senior finance professional. His depth of understanding of all asset classes, how they intersect and interplay across portfolios is a great addition to our team’s capabilities,” said Perpetual’s head of Multi Manager Damien Webb.

Robert joins Perpetual Investments with 20 years’ experience in financial markets, predominately working in alternative investments and portfolio management for some of the world’s leading financial institutions including Deutsche Bank, ING Barings, KPMG and most recently as head of Alternative Investments and portfolio manager for Select Asset Management.

Robert is a Chartered Accountant and has a Bachelor of Commerce from the University of Western Australia.

Best mortgage fund announced

La Trobe Financial’s Pooled Mortgages Option (‘PMO’) has won the Money Magazine Gold award for the Best Mortgage Fund in Australia.

“This is another milestone for La Trobe Financial and we are again delighted to be awarded the Gold award from Money magazine. The PMO continues to go from strength to strength and this award confirms that it’s an exceptionally attractive proposition for both financial planners and retail investors looking for a fund with an impeccable record of achieving consistently outstanding returns,” said La Trobe Financial head of funds management Chris Andrews.

“I am extremely proud of the entire La Trobe Financial team who work so hard day in and day out to ensure we deliver consistently outstanding results for our investors. Four years ago, we embarked on a cause to implement a business promise of ‘how investing should be’. We have benchmarked ourselves against the world’s best in a strategic move to showcase the 3 things in our business that matter the most to our investors… our products, our performance and our people. That our efforts have again been externally recognised by Money magazine is evidence we are on the right path, particularly given that equities markets have experienced such volatility over the years,” added a Trobe Financial CEO Greg O’Neill.

New face at MLC

Camilla Von Pfyffer has been appointed business consultant for MLC Accountant Solutions, based in Queensland .

Camilla will work with accountants to help them deliver financial advice to clients through the MLC licensing solution, the referral partnership with the Institute of Public Accountants and through MLC's education solutions. She will also work with aligned advisers to support the development of their relationships with accounting firms.

Camilla was most recently a business development manager (BDM) for CPA Australia, spending two and a half years with the accountancy body.

Before CPA Australia, Camilla held a BDM role with Intrust Super. She has also worked for dealer groups AMP and RetireInvest as well as financial planning practices.

Big changes at Topdocs

The decision by SMSF, company and trust document provider Topdocs to integrate its document automation system with wealth management software, XPLAN, will dramatically simplify the document ordering process and enhance document accuracy, it says.

According to a company statement, this will enable financial planners to purchase, access, complete and store electronic self-managed super fund, company trust and pension documents in the one system.

It will also enable documents to be pre-populated with client information stored in XPLAN’s client management module, eliminating cumbersome data entry and enhancing compliance requirements.

Local Government Super wins Best Green Super Fund award

Local Government Super (LGS) was once again recognised for sustainable investment when it took home the Best Green Super Fund for 2013 at this year’s Money Magazine ‘Best of the Best’ awards.

In recent years, LGS has been acknowledged in a number of key arenas for its holistic approach to sustainable investment, one that is considered market-leading. It sees around half – or $3.3bn – of the fund’s total assets in responsible investment strategies across Australian and international equities, property, absolute return and private equity classes and, more recently, sovereign bonds.

This investment is far the largest commitment of any Australian super fund in sustainable investment, said LGS. 

Nikko AM appoints International and Japan CIOs

Nikko Asset Management has announced the appointment of Yu-Ming Wang as International Chief Investment Officer, overseeing the global investment teams outside of Japan. Hiroki Tsujimura, currently Head of Active Investments at Nikko AM, has been promoted to Chief Investment Officer – Japan. Both appointments will be effective from 7 January 2013.

Tyndall AM finalises management team

Following a number of recent appointments and the development of a new support structure, Tyndall AM has finalised its senior management team with the appointment of Linda Garry as senior manager, marketing and communications.

Matt Russell, head of sales and marketing at Tyndall AM, said that the business has built a strong management team to give its highly regarded asset management teams the best possible support.

“The enhanced level of support activities and the resources now in place means Tyndall has positioned itself to offer its funds management capabilities more widely in 2013,” he said.

“We are now well-placed to provide improved service to the institutional and retail markets with recognised capabilities in four asset classes – Australian equities, international equities, fixed income and alternative assets.”

Macquarie upgrades Visor Desktop and launches Visor Lite

Macquarie Financial Planning Software has launched a new online solution, Visor Lite, as well as its latest upgrade of Visor Desktop, helping independent financial advisers to work more effectively by introducing mobile access and improving usability.

The latest release of Visor Desktop includes improvements to assist IFAs with FoFA compliance and enhancements to help with reporting and productivity.

Key features to simplify some of FoFA’s compliance requirements include: new fee disclosure fields and the ability to assign service packages to specific client segments; and new reports and reporting filters for client opt-in and other services.

Securitor launches new adviser tools

Securitor has launched two new tools to help advisers track key performance indicators, measure success and provide business insights.

The tools are two of several initiatives rolled out by Securitor this year to give its advisers an even stronger and better-resourced offer.

The first tool helps advice businesses budget and project the results they want to achieve in their business and monitor how they are tracking against these targets.

According to Securitor MD Matt Englund, in a tough market planners are looking for market-leading services tools and support that will help them achieve their business potential and the best results for clients.

“Advisers are telling us they want to step it up, and that with our help in developing the right services, tools and programs, we are helping them do this.”

Dalton Nicol Reid receives recommended rating

Dalton Nicol Reid has been awarded a ‘Recommended’ rating for its Australian Equities High Conviction Portfolio from Atchison Consultants.

The portfolio is managed by six full time staff, including Jamie Nicol, Chief Investment Officer and Scott Bender, Portfolio Manager. The team is also supported by two independent consultants, taking the total investment team to eight.

CEO and Director, Harley Dalton, said the result was pleasing as it recognised the strength of the investment team’s experience and investment strategy.

Maddocks boosts its private client offering

Maddocks has appointed Robert Monahan, consultant to the commercial team in Sydney – a specialist in private client services.

Monahan specialises in wills, estate planning, trusts law, intergenerational wealth transfer and estate administration generally. He is an accredited specialist in the areas of wills and estate law.

Monahan joins Maddocks from Australian Executor Trustees Ltd (part of the IOOF group), where he worked for eight years as special counsel and manager of their national estate planning team.