Investment manager

ClearView enters into a “strategic partnership” with the investment manager


On Monday (November 22), ClearView said the “strategic partnership” will see it collaborate with Manulife on the development of investment solutions to provide investors with tailored wealth management and retirement income solutions.

ClearView chief executive Simon Swanson said the immediate goal will be to co-develop retirement income solutions for disbursing members.

“ClearView is continually looking for opportunities to better serve our clients and advisors. With a growing number of Australians retiring or nearing retirement, it is essential that they have access to products that help them manage their withdrawals, ”said Mr Swanson.

“We are delighted to partner with one of the world’s leading asset managers to provide solutions to Australia’s large pre-retiree and retiree market.

“In addition, we aim to leverage the broader capabilities of Manulife Investment Management in other areas to support our implementation plans for liability-driven investments and increase our exposure to Asian, ESG and asset strategies. private.

The move comes after investment specialist Tim Dowling said the number of Australians entering retirement presented a huge opportunity for advisers in a webinar last month.

What fuels this opportunity is the fact that 7,980 people retired in Australia last week, ”said Mr. Dowling.

This cohort of people over the next 15 years will contribute $ 2 trillion in assets from accumulation to decumulation. Capturing half a percent equals $ 275 million in new customer assets each year. “

Meanwhile, ClearView finalized the sale of its financial advisory business to Centrepoint Alliance for $ 15.2 million earlier this month.

ClearView enters into a “strategic partnership” with the investment manager

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Last updated: November 22, 2021

Posted: 22 November 2021

Neil griffith

Neil griffith

Neil is the associate editor of wealth headlines including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.