Specialist exchange traded funds (ETF) wealth manager Betashares has launched a series of retirement income separately managed accounts (SMA) on the Colonial First State (CFS) Edge platform.
The SMAs combine defensive, smart beta and equity income strategies and target income generation of 2 per cent per annum above traditional benchmark portfolios.
The portfolios aim to deliver capital growth and yield via differentiated sources of income without relying on high allocations to low-growth sectors or non-investment grade debt.
“We’re proud to deploy our long-standing multi-asset expertise to deliver a range of unique investment solutions within a structure that assists both financial advisers and their end clients,” Betashares chief executive Alex Vynokur said.
“Our new retirement income SMAs are designed for the needs of retirees by delivering opportunities for capital growth and higher income,” he added.
“The accessibility of high-quality investment solutions that assist people to meet their income goals in retirement is one of the biggest challenges in wealth management, particularly given the growing number of people heading into that phase of their lives.”
The new offerings complement Betashares existing dynamic SMAs across the six major risk profiles, from conservative to all growth. Those products are already available on eight platforms including CFS Edge.
CFS executive director of managed account Francy Taylor indicated her organisation is peased to partner with Betashares to provide advisers with ETF-based portfolios designed for clients moving into and through retirement.
“CFS’s managed account offer spans generational needs and accessing leading portfolio managers which helps advisers deliver stronger outcomes for their clients.
“CFS’s managed account offer spans generational needs and accesses leading portfolio managers which helps advisers deliver stronger outcomes for their clients,” she noted.
According to Betashares it is increasing the range of its investment options for specific investment types. Financial advisers will be able to use these SMAs to more effectively provide tailored advice solutions, assisting them to deliver advice at scale.
