See below for the suppliers and why they may be of interest to FO, this week I met with Northern Trust Global Family Office, Stropro, BlueBay, Felix Bay and Providence Wealth & Knowledger.
Who?
Northern Trust Global Family Office – I met with the Singapore and Australian heads of this business. The Australian head is based in Melbourne and has recently re-located to head up the offering locally.
Why Of Interest (WOI)?
NT are a global custodian for insto and are now focussing on the family office space, especially those looking for a self-custody style arrangement – ie. Can aggregate across all their counterparties themselves. I get a lot of questions from clients on whether their PB or wealth manager will take on the custody or admin of their assets held with other managers and the short answer is often a hard no. This can provide an alternative. They are targeting FO with $1bn + and already have some significant clients, particularly those with ex-insto CIOs.
Who?
Stropro – I met with Anto Joseph who co-founded this business and was referred to me by a large family office. I met with them two years ago when just starting so it was great to re-connect.
WOI – specialist reporting on structured products built for Aussie investors. It’s always been a struggle to see payoff, structure and risk and this may assist. They also supply a private market “marketplace” similar to CAIS and Spire with an ability to engage directly with the manager. They are still relatively new but seem to provide something unique.
Who?
BlueBay – UK based private credit manager. Peter Mitchell from Kingsgate Capital was introducing them to potential investors in Perth this week. I met with the senior credit PM and local head.
WOI – private credit is very topical, and BlueBay have been doing it for a log time and manage significant assets. A lot of our discussion focussed on the current climate, why FO would be looking at this space, their client base and how to implement (and track).
Who?
Felix Bay – A Sydney based OCIO and Family Office strategy firm.
WOI – They have a deep understanding of the family office space, in particular the direct operating businesses within the broader portfolio.
Who?
Providence Wealth – A well- established boutique wealth manager that specialises in UHNW and Family Offices.
WOI – for any family offices looking to outsource some/part of the investment piece or those looking to add wealth managers to their panel this firm has been around for 25 years with bias to active asset allocation and customisation.
Who?
Knowledger – A middle ware firm based in the US that specialises in integrating the ABOR/General Ledger with investment book of record/reporting software.
WOI – for anyone looking at reporting platforms that do not have an in-built GL or do not seek to integrate with accounting software, I am trying to help with local integrations.
To discuss any of the above, feel free to book in 30-minute zoom via this link - https://calendly.com/hall-road/hall-road-members-zoom
Cheers
Shaun.
“Hall Road Investments Pty Ltd is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No 001279458) of Hall Road Investments Pty Ltd (CAR No. 001279456) and is authorised to provide general advice to wholesale investors”
Disclaimer: This email and any attachments to it (the "Communication") are, unless otherwise stated, confidential, may contain copyright material and is for the use only of the intended recipient. Nothing in the Communication constitutes an investment offering of any kind, unless expressly stated. This email is for informational purposes only. It does not constitute investment or financial advice. Before acting on any information contained in this email, each person should obtain independent taxation, financial and legal advice relating to this information and consider it carefully before making any decision or recommendation. If you receive the Communication in error, please notify the sender immediately by return e-mail, delete the Communication and the return e-mail, and do not read, copy, retransmit or otherwise deal with it. Any views expressed in the Communication are those of the individual sender only, unless expressly stated to be those of Hall Road Investments, 621 299 269 or any of its related entities. Hall Road Investments does not accept liability in connection with the integrity of, or errors in, the Communication, computer virus, data corruption, interference or delay arising from or in respect of the Communication.
Kommentare