After a decade of low inflation, anaemic wages growth and falling bond yields, the perceived wisdom of markets had been that value stocks will continue to underperform compared to growth stocks.  However, the latest data from research house Lonsec supports the view that value stocks are back in favour with investors and a value rotation is well underway.

As part of its most recent Australian equities sector review, Lonsec found that in the 12 months to 31 December 2021, 61% of value funds outperformed the S&P/ASX 300 TR Index, up from a mere 5% over the five years to the end of December 2021. This tilt towards value funds is most stark for the rolling year to 28 February 2022, which saw 91% of value funds outperform versus only 46% of Growth funds.

Lonsec Director of Research, Peter Green, said “We have seen a growing shift in the market over the past 12 months, but this has really picked up in the last three months with outperformance jumping from 61% to 91% of Value funds. While outperformance is unlikely to stay such a high level for a sustained period of time, market conditions do now favour value managers”.

The key drivers of this value rotation are the spectre of rising interest rates and a belief from investors that inflation is gaining momentum as the COVID economic recovery takes shape in an environment still impacted by supply chain disruption, tight labour markets and still loose monetary policy. Investors have increasingly been pricing in this eventuality, bidding down long earnings duration assets whose valuations are more interest rate sensitive and rotating into ‘value’ stocks like diversified miners and financials likely to benefit more from the macro environment.

Value vs Growth outperformance

Style Outperformance
1 year to 28-Feb-22
Outperformance
1 year to 31-Dec-21
Outperformance
5 years to 31-Dec-21
Value 91% 61% 5%%
Growth 46% 67% 81%

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For more information, please contact:

Rob Hardy
Rob.Hardy@lonsec.com.au

A market bounce in March has supported super fund performance, with the global economy maintaining a reasonable degree of momentum. However, inflation concerns continue to mount as consumers face cost pressures.

The Reserve Bank of Australia kept rates on hold at a low of 0.1% citing ongoing inflation challenges and uncertainty due to the war in the Ukraine, although we see expectations of interest rate rises increasing.

Leading superannuation research house SuperRatings estimates that the median balanced option rose by 1.1% in March. Over the financial year to 31 March 2022, we see an estimated return of 2.4% for the median balanced option.

Kirby Rappell, Executive Director of SuperRatings said, “It is pleasing to see performance recover over the month, as we head towards the end of the financial year. It has been a rockier year for super fund members, although funds seem to be navigating the uncertainty reasonably well. While many Australians feel the impact of natural disasters and increasing inflationary pressures, super continues to support improved long-term financial security for many.”

“I’ve said it before and I will say it again, it is important to focus on the long-term when it comes to your superannuation. The rebound in performance over the March period reinforces this, if a member had switched when they saw performance fall in February, they would have locked in the loss instead of benefiting from the recovery we have now seen.”

The median growth option increased by an estimated 1.6%. The capital stable option, which has less exposure to equity markets in favour of bonds and cash, rose by 0.1%.

Accumulation returns to March 2022

  Monthly 1 yr 3 yrs (p.a.) 5 yrs (p.a.) 7 yrs (p.a.) 10 yrs (p.a.)
SR50 Balanced (60-76) Index 1.1% 7.6% 7.5% 7.5% 6.9% 8.4%
SR50 Capital Stable (20-40) Index 0.1% 3.1% 3.7% 4.0% 4.0% 5.1%
SR50 Growth (77-90) Index 1.6% 9.2% 9.0% 8.8% 7.7% 9.5%

Source: SuperRatings estimates

Pension returns have also risen in March, with the median balanced pension option up an estimated 1.2%, compared to an increase of 1.8% for the median growth option, while performance is estimated to be flat at 0.0% for the capital stable option.

Pension returns to March 2022

  Monthly 1 yr 3 yrs (p.a.) 5 yrs (p.a.) 7 yrs (p.a.) 10 yrs (p.a.)
SRP50 Balanced (60-76) Index 1.2% 7.8% 8.3% 8.1% 7.4% 9.4%
SRP50 Capital Stable (20-40) Index 0.0% 3.1% 4.0% 4.5% 4.3% 5.5%
SRP50 Growth (77-90) Index 1.8% 9.6% 9.6% 9.3% 8.5% 10.6%

Source: SuperRatings estimates

We estimate that the return over the financial year to March 2022 is sitting at 2.4% as shown below. Further, since the inception of superannuation, we have only seen 4 negative financial year returns (FY02: -3.1%, FY08: -6.4%, FY09: -12.7%, FY20: -0.8%). The average annual return over this period sits at around 7.2% pa which is ahead of fund objectives which are typically inflation + 3.0% over rolling 10-year periods.

Evidently, while the superannuation road may be bumpy at times, over the longer-term the typical balanced option shows a positive story for Australians.

Kirby Rappell commented, “We are currently on track to end the 2022 financial year in positive territory, depending on how investment markets perform over the June quarter, though performance will be far more muted than that observed in FY2021. While it is pleasing to see performance recover over the month of March, superannuation should be viewed with a long-term lens as there will be ups and downs over shorter term periods.”

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We welcome media enquiries regarding our research or information held in our database. We are also able to provide commentary and customised tables or charts for your use.

For more information contact:

Kirby Rappell
Executive Director
Tel: 1300 826 395
Mob: +61 408 250 725
Kirby.Rappell@superratings.com.au

 

Lonsec has expanded its support of Managed Accounts on the AMP North and CFS FirstWrap platforms with the launch of its Lonsec Listed Managed Portfolios.

The portfolios harness the depth and breadth of Australia’s leading research provider, allowing investors access to a diversified portfolio of listed securities incorporating Lonsec’s Dynamic Asset Allocation.

“These managed portfolios give financial advisers access to investment solutions supported by one of Australia’s largest investment research and consulting teams,” said Lonsec CEO Mike Wright.

“Being able to draw on our investment selection and portfolio construction expertise can be a game changer for advisers, and we’re proud to be offer the Listed portfolios to North and FirstWrap users.”

Lonsec provide three Listed portfolios: Balanced, Growth and High Growth. Each are designed to achieve different risk and investment objectives over various timeframes. They are constructed using a range of growth and defensive listed assets such as Australian and global equities, property, bonds, and alternative assets and are backed by Lonsec’s rigorous governance and review process.

“The Listed portfolios have been designed for investors looking for capital growth and income over the medium to long term from listed assets and use a combination of active and passive securities to achieve these growth and income objectives,” said Danial Moradi, Portfolio Manager for Listed Products.

In addition to the Listed portfolios, the Lonsec Separately Managed Account – Core Portfolio will also be available on FirstWrap. This portfolio employs an active, concentrated, low-turnover strategy focused on quality Australian large cap shares.

“We are excited to expand the distribution channels for these portfolios, making them available to a broader group of advisers and their clients” said Moradi.

Inclusion on AMP North and CFS FirstWrap further expands the availability of the Lonsec supported Managed Account offering, following their existing availability on the BT, Macquarie, HUB24, Netwealth and Praemium platforms. Lonsec is one of Australia’s fastest growing Managed Accounts portfolio managers, with over $200m net inflows recorded into the portfolios they manage in February 2022.

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For more information, please contact:

Rob Hardy
Rob.Hardy@lonsec.com.au

Lonsec has announced three key hires to their Lonsec Investment Solutions (LIS) team to support the significant expansion of their managed account and consulting businesses.

Ron Mehmet, currently Head of Fixed Income Research at Lonsec Research will move to LIS as a Senior Consultant, to work with consulting clients and support Deanne Baker, Multi Asset Portfolio Manager, with portfolio management. Ron brings a wealth of fixed interest experience and broader portfolio construction skills which will add immensely to LIS’s capabilities.

Nicolas Ward is also joining LIS as a Senior Consultant. Nick joins from Quilla, the specialist managed portfolio manager, and brings a strong understanding of managed accounts, having worked closely with advisory firms in running bespoke managed account solutions. Prior to Quilla, Nick worked as NAB/MLC’s Private Investment Consulting (PIC) division, providing consulting services to the NAB aligned adviser network.

Amber Sunil will be joining LIS from Lonsec Research as an Investment Consultant. Amber will work closely with LIS Senior Consultants to service clients, as well as supporting the client reporting and managed account operational functions. Amber has a depth of product knowledge notably within global equities, which will be valuable to LIS’s portfolio construction process.

These three appointments bolster LIS’s managed accounts capabilities, which has seen significant expansion over the past six months. Inflows hit a record, exceeding $200m in February and bespoke managed portfolios have recently launched with CFS and Count. The LIS appointments follow the recent expansion of the Sales Team with dedicated Practice Transformation consultants.

CIO and Executive Director, Lukasz de Pourbaix, says “I am pleased to welcome Ron, Nicolas and Amber to the LIS team, and it is testament to the high quality individuals within the broader Lonsec group that two of the three candidates have come from Lonsec Research”.

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For more information, please contact:

Rob Hardy
Rob.Hardy@lonsec.com.au

Research House Lonsec has announced significant changes to its working policies, in response to the insights gained during the COVID shutdown and feedback from its staff.

The necessity of working from home during the pandemic showed that staff were able to successfully carry out their regular daily tasks from remote locations. It has helped redefine what time in the office actually looks like and what purpose it serves.

Whilst Lonsec still believes that genuine one-to-one interaction with colleagues is extremely valuable in building culture, relationships and sharing knowledge and ideas, this does not need to be every day. As a result, the company is permanently moving to a hybrid model, of at least two days in the office each week, and working from home the other days. For some roles, that do not require regular attendance in the office, employees are able to request a move to ‘remote’ locations and this has resulted in some staff now being located in Queensland.

This ability to work from ‘anywhere’ for short periods, has been extended to all staff, with them now having the option to work from anywhere in the world, for up to 4 weeks per year. This has been particularly welcomed by the many Lonsec team members not originally from Australia, or with family overseas. In further recognition of Lonsec’s cultural diversity, allowance has been made for those team members who may celebrate religious festivals other than those typically recognised with an Australian public holiday, by allowing them to work current public holidays and take off dates of their choosing.

Chief Executive Officer, Michael Wright said “considerable thought and time was put into developing our Lonsec@Work program. We believe strongly in supporting our employees’ broader wellbeing and believe that these significant, and industry leading benefits will enable us to attract and retain the best employees, and to genuinely allow staff to choose and enjoy the work life balance that works best for them”.

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For more information, contact:
Rob Hardy
Robert.Hardy@lonsec.com.au
1300 826 395

When it comes to choosing a good financial adviser, it is important to find someone that you trust, shares your investment ethos and who has experience investing for someone at your stage in life.

Whether you are nearing retirement or just starting your investing journey, asking these five questions will help you find the right adviser with whom you can build a good partnership.

Who is the adviser’s ideal client?

It is important to understand who their ideal client is, the market in which they operate and if that is for you. For example, if you are in pre-retirement, you want an adviser that has experience in this area as they will be more familiar with your needs.

Choosing someone who has experience with your life stage will also guide how they interact with you. For example, advisers dealing with younger clients are more likely to embrace video and other digital platforms.

You need to feel comfortable with how an adviser communicates with you and that you can understand and use the information presented.

What is the proposition?

You need to understand what areas the adviser is most comfortable with, their particular areas of expertise and how innovative and open to new areas of advice they are.

It is also crucial to understand their approach to ongoing advice, and if that resonates with how you want the relationship to evolve.

Other things to consider include how often they communicate with you to show how your investments are performing, how receptive they are to you contacting them and what you can expect from your review meetings.

What is their investing approach?

What is the adviser’s approach to driving income, growth and managing portfolio risk? For example, if your investment goal is to generate income, you should choose an adviser that can target this. Conversely, if you are happy to forgo returns to manage your risk more closely, an adviser that understands this is paramount.

Active or passive investments?

You should know the adviser’s investment philosophy for active or passive investments. Some advocate passive investments, such as index funds, while others favour actively managed portfolios.
Preferences for passive or active investments have an impact on costs, potential risks and returns. An adviser should be clear about these when discussing investment options.

Another thing to consider is how an adviser manages cash in a portfolio.

While returns from cash are negligible right now, it does have a role to play in a diversified portfolio. Asking about an adviser’s approach to cash can give you an idea into how they manage portfolio risk.

Listed or unlisted investments?

If liquidity and transparency of holdings is important to you, an adviser comfortable managing portfolios made up of assets with these characteristics may be more appropriate for you.

Holding listed and unlisted assets may have different tax and cost implications and may also impact the regularity of reporting. The adviser needs to have experience managing these in a way that is appropriate to your portfolio and life stage.

Working with a financial adviser is a partnership and asking these questions of prospective advisers can help you decide if you can work with them and trust them with your money.


IMPORTANT NOTICE: This document is published by Lonsec Investment Solutions Pty Ltd ACN 608 837 583, a Corporate Authorised Representative (CAR 1236821) (LIS) of Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research).  LIS creates the model portfolios it distributes using the investment research provided by Lonsec Research but LIS has not had any involvement in the investment research process for Lonsec Research. LIS and Lonsec Research are owned by Lonsec Holdings Pty Ltd ACN 151 235 406. Please read the following before making any investment decision about any financial product mentioned in this document.

DISCLOSURE AT THE DATE OF PUBLICATION: Lonsec Research receives a fee from the relevant fund manager or product issuer(s) for researching financial products (using objective criteria) which may be referred to in this document. Lonsec Research may also receive a fee from the fund manager or product issuer(s) for subscribing to research content and other Lonsec Research services.  LIS receives a fee for providing the model portfolios to financial services organisations and professionals. LIS’ and Lonsec Research’s fees are not linked to the financial product rating(s) outcome or the inclusion of the financial product(s) in model portfolios. LIS and Lonsec Research and their representatives and/or their associates may hold any financial product(s) referred to in this document, but details of these holdings are not known to the Lonsec Research analyst(s).

WARNINGS: Past performance is not a reliable indicator of future performance. Any express or implied rating or advice presented in this document is limited to general advice and based solely on consideration of the investment merits of the financial product(s) alone, without taking into account the investment objectives, financial situation and particular needs (“financial circumstances”) of any particular person. Before making an investment decision based on the rating or advice, the reader must consider whether it is personally appropriate in light of his or her financial circumstances or should seek independent financial advice on its appropriateness.  If the financial advice relates to the acquisition or possible acquisition of a particular financial product, the reader should obtain and consider the Investment Statement or the Product Disclosure Statement for each financial product before making any decision about whether to acquire the financial product.

DISCLAIMER: No representation, warranty or undertaking is given or made in relation to the accuracy or completeness of the information presented in this document, which is drawn from public information not verified by LIS. The information contained in this document is current as at the date of publication. Financial conclusions, ratings and advice are reasonably held at the time of publication but subject to change without notice. LIS assumes no obligation to update this document following publication. Except for any liability which cannot be excluded, LIS and Lonsec Research, their directors, officers, employees and agents disclaim all liability for any error or inaccuracy in, misstatement or omission from, this document or any loss or damage suffered by the reader or any other person as a consequence of relying upon it.

Copyright © 2022 Lonsec Investment Solutions Pty Ltd ACN 608 837 583 (LIS). This document may also contain third party supplied material that is subject to copyright.  The same restrictions that apply to LIS copyrighted material, apply to such third-party content.

A recent webinar (attended by over 700 advisers) on crypto assets investments, indicates the weight of interest advisers and their clients are, in this growing asset class. Lonsec partnered with specialist manager Monochrome Asset Management to deliver a masterclass, covering the most asked questions on crypto assets such as how to access them, how to keep the assets safely and how to integrate into clients’ existing portfolios.

Lukasz de Pourbaix, Chief Investment Officer of Lonsec Investment Solutions, comments “Crypto assets is increasingly becoming one of the most commonly raised topics we get from Advisers. We understand that there is a great need for education around the asset class and how Advisers can utilise then in their client’s portfolios.” Recognising that dealing with emerging asset class will be new for many Advisers, the webinar covered the advice and regulatory considerations of discussing crypto assets with clients.

Craig Hobart, Head of Distribution at Monochrome, said “We recently surveyed Financial Advisers and found that 77% had received queries about crypto assets investments from their clients yet only 11% felt equipped to answer these queries. By partnering with Lonsec, we were able to reach a wide audience of advisers and help them access information to enable them to better advise their clients on crypto assets”

The webinar comes a week after Lonsec Research rating its first crypto-related fund, the BetaShares Crypto Innovators ETF, with an ‘Investment Grade Index’ rating.

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For more information, contact:
Rob Hardy
Robert.Hardy@lonsec.com.au
1300 826 395

In response to growing demand from advisers, Lonsec has launched a new risk profile of its Listed Managed Portfolios onto the HUB24 platform. The new Conservative profile adds to the Balanced, Growth and High Growth profiles already available on HUB24. The Conservative portfolio has been designed for investors with a preference for a portfolio that exclusively invests in listed securities on the ASX, including direct equities and Exchange Traded Funds (ETFs). The portfolio has an investment objective of generating excess returns of +1.6% above the cash rate over a minimum time frame of 4 years.

The Conservative portfolio was initially launched as a model portfolio in December 2010 and has generated total returns of 6.9% p.a. since inception, including an income return of 3.3% p.a.; well ahead of its peer group and internal objectives.

The Conservative portfolio has a long-term average exposure of around 40% to growth assets and around 60% to defensive assets. While the underlying asset class exposure and fund selection reflect each risk profile’s objectives, the overall long-term weightings to growth and defensive assets are aligned to each risk profile.

As with all the Listed Managed Portfolios, the Conservative profile is actively managed by Lonsec’s Investment Solutions team, using a combination of active and passive securities to achieve its investment objectives at a lower overall cost for investors.

The new Conservative portfolio is currently available exclusively on HUB24 and leverages Lonsec’s investment knowledge and extensive research capabilities in listed structures to help advisers and their clients achieve their investment goals.


IMPORTANT NOTICE: This document is published by Lonsec Investment Solutions Pty Ltd ACN 608 837 583, a Corporate Authorised Representative (CAR 1236821) (LIS) of Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research).  LIS creates the model portfolios it distributes using the investment research provided by Lonsec Research but LIS has not had any involvement in the investment research process for Lonsec Research. LIS and Lonsec Research are owned by Lonsec Holdings Pty Ltd ACN 151 235 406. Please read the following before making any investment decision about any financial product mentioned in this document.

DISCLOSURE AT THE DATE OF PUBLICATION: Lonsec Research receives a fee from the relevant fund manager or product issuer(s) for researching financial products (using objective criteria) which may be referred to in this document. Lonsec Research may also receive a fee from the fund manager or product issuer(s) for subscribing to research content and other Lonsec Research services.  LIS receives a fee for providing the model portfolios to financial services organisations and professionals. LIS’ and Lonsec Research’s fees are not linked to the financial product rating(s) outcome or the inclusion of the financial product(s) in model portfolios. LIS and Lonsec Research and their representatives and/or their associates may hold any financial product(s) referred to in this document, but details of these holdings are not known to the Lonsec Research analyst(s).

WARNINGS: Past performance is not a reliable indicator of future performance. Any express or implied rating or advice presented in this document is limited to general advice and based solely on consideration of the investment merits of the financial product(s) alone, without taking into account the investment objectives, financial situation and particular needs (“financial circumstances”) of any particular person. Before making an investment decision based on the rating or advice, the reader must consider whether it is personally appropriate in light of his or her financial circumstances or should seek independent financial advice on its appropriateness.  If the financial advice relates to the acquisition or possible acquisition of a particular financial product, the reader should obtain and consider the Investment Statement or the Product Disclosure Statement for each financial product before making any decision about whether to acquire the financial product.

DISCLAIMER: No representation, warranty or undertaking is given or made in relation to the accuracy or completeness of the information presented in this document, which is drawn from public information not verified by LIS. The information contained in this document is current as at the date of publication. Financial conclusions, ratings and advice are reasonably held at the time of publication but subject to change without notice. LIS assumes no obligation to update this document following publication. Except for any liability which cannot be excluded, LIS and Lonsec Research, their directors, officers, employees and agents disclaim all liability for any error or inaccuracy in, misstatement or omission from, this document or any loss or damage suffered by the reader or any other person as a consequence of relying upon it.

Copyright © 2021 Lonsec Investment Solutions Pty Ltd ACN 608 837 583 (LIS). This document may also contain third party supplied material that is subject to copyright.  The same restrictions that apply to LIS copyrighted material, apply to such third-party content.

Lonsec’s suite of managed portfolios are now available on BT Panorama with the addition of the Sustainable portfolios. The Sustainable portfolios provide greater choice for clients seeking investment strategies that align with their personal values and demonstrate strong environmental, social and governance (ESG) practices.

Recognising the growing demand for responsible investment solutions, Lonsec developed the Sustainable portfolios’ Balanced, Growth and High Growth risk profiles with a unique philosophy that looks through both lenses of ESG, which focus on the underlying managers’ process, approach and integration of ESG factors, along with Sustainability measures, which focus on the funds’ positive impact on the world.

To measure the portfolios’ contribution to society and the environment, Lonsec assess funds against the UN’s Sustainable Development Goals (SDG) framework. In this assessment, Lonsec looks at the activities of the companies held in a fund and net the positive contributions to the 17 SDGs against the negative impact of exposures to controversial industries.

Deanne Baker, Portfolio Manager for the Sustainable portfolios said, ‘The Sustainable portfolios now have close to a 12-month track record and, not only have they outperformed the Benchmark over the last 6 and 9 months, but they have also made positive contributions across a number of the SDGs including SDG 11 Sustainable Cities and Communities, SDG 3 Good Health and Well Being and SDG 1 No Poverty. With the addition of our Sustainable portfolios on BT Panorama, we are thrilled to offer an investment solution that aligns with the goals of our clients in conjunction with having a positive impact on the planet”.

Release ends
For more information, contact:
Rob Hardy
Robert.Hardy@lonsec.com.au
1300 826 395


IMPORTANT NOTICE: This document is published by Lonsec Investment Solutions Pty Ltd ACN 608 837 583, a Corporate Authorised Representative (CAR 1236821) (LIS) of Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research).  LIS creates the model portfolios it distributes using the investment research provided by Lonsec Research but LIS has not had any involvement in the investment research process for Lonsec Research. LIS and Lonsec Research are owned by Lonsec Holdings Pty Ltd ACN 151 235 406. Please read the following before making any investment decision about any financial product mentioned in this document.

DISCLOSURE AT THE DATE OF PUBLICATION: Lonsec Research receives a fee from the relevant fund manager or product issuer(s) for researching financial products (using objective criteria) which may be referred to in this document. Lonsec Research may also receive a fee from the fund manager or product issuer(s) for subscribing to research content and other Lonsec Research services.  LIS receives a fee for providing the model portfolios to financial services organisations and professionals. LIS’ and Lonsec Research’s fees are not linked to the financial product rating(s) outcome or the inclusion of the financial product(s) in model portfolios. LIS and Lonsec Research and their representatives and/or their associates may hold any financial product(s) referred to in this document, but details of these holdings are not known to the Lonsec Research analyst(s).

WARNINGS: Past performance is not a reliable indicator of future performance. Any express or implied rating or advice presented in this document is limited to general advice and based solely on consideration of the investment merits of the financial product(s) alone, without taking into account the investment objectives, financial situation and particular needs (“financial circumstances”) of any particular person. Before making an investment decision based on the rating or advice, the reader must consider whether it is personally appropriate in light of his or her financial circumstances or should seek independent financial advice on its appropriateness.  If the financial advice relates to the acquisition or possible acquisition of a particular financial product, the reader should obtain and consider the Investment Statement or the Product Disclosure Statement for each financial product before making any decision about whether to acquire the financial product.

DISCLAIMER: No representation, warranty or undertaking is given or made in relation to the accuracy or completeness of the information presented in this document, which is drawn from public information not verified by LIS. The information contained in this document is current as at the date of publication. Financial conclusions, ratings and advice are reasonably held at the time of publication but subject to change without notice. LIS assumes no obligation to update this document following publication. Except for any liability which cannot be excluded, LIS and Lonsec Research, their directors, officers, employees and agents disclaim all liability for any error or inaccuracy in, misstatement or omission from, this document or any loss or damage suffered by the reader or any other person as a consequence of relying upon it.

Copyright © 2021 Lonsec Investment Solutions Pty Ltd ACN 608 837 583 (LIS). This document may also contain third party supplied material that is subject to copyright.  The same restrictions that apply to LIS copyrighted material, apply to such third-party content.

Lonsec has made a number of key hires within its distribution and client engagement team, in order to provide more support to advisers and their practices.

John Burton has been appointed Head of Sales and is based in Lonsec’s Sydney Office. Previously National Sales Manager at OnePath, John was most recently Founder and Director of Clarity Wealth, a financial planning consultancy delivering a range of financial advice. John offers over 25 years’ experience in the industry.

Lonsec has also added two Transition Consultants. The newly created roles will assist practices transform their businesses through the efficient implementation of research and reporting solutions, as well as managed accounts. Brendan Tully has deep experience of the advice industry having worked at BT, Westpac and AMP over the past twenty years. Brendan is based in Adelaide. Sean Newman joins from Commonwealth Financial Planning and has over 25 years’ experience, including time with Mercer and Aon Wealth. Sean is based in Melbourne.

Head of Sales and Marketing at Lonsec, Rob Hardy, said ”These key additions to our team are genuinely seasoned professionals, with a deep understanding of the challenges faced by advisers and their practices. All were chosen for their in-depth knowledge of the provision of advice, and we look forward to helping drive genuine efficiencies and results for all of our clients.”

Further to these roles, the Sales team has been increased from four to six with the addition of dedicated staff for QLD and WA/SA. These new appointments are in addition to the four existing positions in Sydney and Melbourne.

Recently appointed CEO, Mike Wright, said “Lonsec is continuing to build out its Research, Consulting and Managed Account capabilities, including expanded coverage across platforms. With inflows for many months now, well in excess of $100M p.m. it was clear that we needed to expand our team and capabilities, in order to support the growing number of clients”.

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For more information, please contact:

Rob Hardy
Rob.Hardy@lonsec.com.au

Important information: Any express or implied rating or advice is limited to general advice, it doesn’t consider any personal needs, goals or objectives.  Before making any decision about financial products, consider whether it is personally appropriate for you in light of your personal circumstances. Obtain and consider the Product Disclosure Statement for each financial product and seek professional personal advice before making any decisions regarding a financial product.