Investment manager

Investment manager announces new solution to fill advice gap

AZ Sestante has announced a new digital investment solution aimed at helping advisory and wealth management firms fill “the growing advisory gap”.

The specialist investment manager said the new solution, Sestante Invest, gives investors access to six investment portfolios it manages and provides clients with regular updates explaining the rationale for portfolio management decisions. , as well as content on financial literacy and well-being.

AZ Sestante’s Head of Distribution and Implemented Advisory, Andrew Davies, said the launch of the solution followed their corporate clients’ request for professional investment assistance from those who are not yet able to access traditional higher cost bespoke personal consultancy services from companies. .

“Our corporate clients face issues that are consistent across the Australian financial advice landscape: as the cost of providing ongoing personal financial advice has skyrocketed and large numbers of advisers have left the industry in recent years , this means that an increasing number of people are being deducted from this service – what is generally referred to as the ‘advice deficit,'” Mr Davies said.

“Now, with today’s launch of our new digital solution, Sestante Invest, our corporate clients are able to help a much wider audience, as the minimum investment to get started is just $25,000.”

Sestante Invest is backed by Melbourne-based fintech investment platform OpenInvest; CEO and co-founder Andrew Varlamos said the company is proud to partner with AZ Sestante on the solution.

“With wealth estimated at $1 trillion between generations over the next decade, it only makes sense that progressive wealth management companies are reaching out to help the next generation now, not after building their wealth at what a society would traditionally consider their minimum threshold,” Mr. Varlamos said.

Investment manager announces new solution to fill advice gap



Last update: August 12, 2022

Posted: August 12, 2022

Neil Griffiths

Neil Griffiths

Neil is the Associate Editor for Wealth Headlines including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.