SYDNEY, 17 June 2020 State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the addition of its four ETF model portfolios to HUB24 Invest and HUB24 Super.
One target income and three risk-based ETF model portfolios – moderate, balanced and growth – are now available to investment professionals on one of the fastest growing platforms in the local wealth advisory market.
With more than $15 billion in funds under administration1, a growing number of financial advisers are choosing HUB24 to manage and administer their clients’ assets.
According to the latest SPDR ETFs / Investment Trends Managed Accounts Report, the trend towards using managed accounts has doubled in the last five years2.
State Street Global Advisors Head of SPDR ETF Asia Pacific Distribution Meaghan Victor said more financial advisers and brokers were recommending ETF model portfolios than ever before.
“The addition of the State Street ETF Model Portfolios to HUB24 reflects the shift from investment professional to wealth coach. Outsourcing some aspects of investment management frees up more time to focus on what matters most – the client,” Ms Victor said.
“Investment professionals are recommending these structures for a variety of reasons, including to save time in their practices, but also to meet client best interest obligations, and offer investors transparency via access to direct shares or ETFs.
“In times of volatility, investors may also be looking for solutions that are more transparent, with open architecture.
“Our ETF model portfolios offer opportunities for growth while maintaining the same level of risk as traditional allocations. With changing market conditions, it has never been more important to provide advisers and their clients with a broader choice of quality and low-cost investment options to meet their needs,” she said.
Managed accounts are professionally managed investments. They give investors access to diversified assets targeting a balance of return and risk.
The State Street ETF Model Portfolios are also available to investment professionals through Praemium and BT Panorama.
2 State Street Global Advisors SPDR ETFs / Investment Trends 2020 Managed Accounts Report, April 2020. Commissioned by Investment Trends, the survey was carried out between December 2019 and February 2020. The sample of 960 respondents includes RG146 competent accountants and dealer group managers who personally provide advice.