BetaShares Unveils Trellia Wealth Partners with $8 Billion FUM Following Merger
BetaShares Unveils Trellia Wealth Partners with $8 Billion FUM Following Merger
1
BetaShares has announced the launch of Trellia Wealth Partners, a new entity formed through a strategic acquisition.
The newly established firm will operate independently, boasting $8 billion in funds under management (FUM) and offering a range of investment options including index-based, active, and bespoke managed accounts.
Additionally, Trellia Wealth Partners will provide advanced tools and technology aimed at enhancing efficiency and delivering superior client experiences for financial advisers.
Last month, there were hints of a potential merger with Sydney-based InvestSense, a company founded in 2014, which has now come to fruition. In this venture, InvestSense's directors, Jonathan Tolub, Jonathan Ramsay, Fil Andronaco, and Paul Carrington, will take on roles as partners, committing long-term to the enterprise without altering existing client portfolio management unless new adviser benefits are introduced.
Completion of this merger, expected by Q3 2025, aligns with BetaShares' understanding of the favourable growth climate within Australia's financial advice sector, as monitored by the Institute of Managed Account Professionals (IMAP), with managed account assets reaching $232.7 billion by late 2024. This positive trajectory is supported by increasing demand for financial advice, the rising popularity of ETFs, expanding private market investments, and transitions within the superannuation sector.
According to Alex Vynokur, CEO of BetaShares, Trellia Wealth Partners is about more than just merging capabilities; it represents an opportunity to enhance the impact financial advisers have in guiding Australians toward their financial goals. He points out the merger aims to support advisers with innovative partnerships and top-tier investment strategies.
Meanwhile, Jonathan Tolub from InvestSense highlighted the decade-long success of their portfolio solutions in aiding advice practices. He emphasized the complementary nature of the merger, underscoring the aligned mission in fostering client-centric solutions. Trellia Wealth Partners will offer advisers robust investment solutions paired with exceptional support and expertise to aid client development.
Looking ahead, this formation marks a significant milestone in the managed account landscape, promising an enriched array of services to financial advisers and their clients across Australia.
The US economy is teetering on the edge of a hard landing, with ongoing tariff disruptions continuing to shake the market, as noted in American Century Investments' latest forecast. Despite some optimism, the challenges persist, keeping hopes for a softer economic transition at bay. - read more
The median price for a house in Sydney soared to $1,722,443 by the end of June, marking a 2.6% quarterly increase and a 4.2% rise year-on-year, according to Domain’s Q2 house price report. This marks the city's fastest quarterly growth in two years and the third consecutive rise. Alongside, unit prices hit a record $834,791, increasing by 1.5% over the same period. - read more
The Australian Securities and Investments Commission (ASIC) has initiated an investigation into the debt management and credit repair industry, expressing concerns that certain firms may be exacerbating the financial struggles of vulnerable consumers. The inquiry will focus on instances where firms are alleged to have overcharged for minimal services, failed in their contractual communication, or breached the terms of their agreements altogether. - read more
Getting a loan approved can be a critical step in achieving your financial goals, whether it's buying a home, starting a business, or consolidating debt. However, the loan approval process can often be complex and challenging, with many Australians facing difficulties in securing the loans they need. - read more
Understanding what a credit score is and its importance is crucial for anyone seeking a personal loan. A credit score is a numerical representation of your creditworthiness, typically ranging from 0 to 1200 in Australia, provided by credit reporting agencies. - read more
Have you ever heard the term loan refinancing and wondered what it actually means? Simply put, refinancing a loan involves replacing your current loan with a new one, typically to take advantage of better terms, such as lower interest rates or different repayment conditions. - read more
Need Help Finding a Loan?
Find out now if you qualify and compare
rates, offers and options from multiple lenders - without a credit check!
All finance quotes are provided free (via our secure server) and without obligation. We respect
your
privacy.
Knowledgebase
Inflation: The rate at which the general level of prices for goods and services rises, eroding purchasing power.
