InvestSense grows 40% as financial advisers migrate to managed accounts

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Paul Carrington

InvestSense, one of the leading providers of bespoke managed accounts solutions for financial planning practices, has announced a strong full-year growth in funds under management, and the appointment of industry veteran Paul Carrington to help drive further the growth within the firm.

InvestSense offers outcome-based portfolio solutions based on managed account technology that allow advisers to develop and strengthen their status as a trusted expert, while building an efficient and scalable business.

In 2018 InvestSense witnessed a record rise in funds under management of over 40%. According to InvestSense director Fil Andronaco, the surge in growth was largely driven by industry wide demand for managed accounts, and the increasing need for financial advisers to provide clients with a more customised experience compared with traditional managed fund solutions.

“One of the key drivers of growth for the firm is the migration to managed accounts by the financial adviser community. The key differentiator with the InvestSense offering is the unconstrained process of how we build managed account portfolios using a combination of active and passive strategies, ETFs, managed funds and direct securities,” he said.

“We’re naturally excited about the continued growth of the firm and how well our highly differentiated proposition in the managed account segment is resonating with individual advisers and adviser practices.”

InvestSense appoints Paul Carrington to help manage growth of firm

InvestSense has appointed Paul Carrington to the newly created position of Director – Head of Adviser Solutions.

Mr. Carrington brings 30 years’ experience in the financial advice sector, including 18 years working as a financial adviser. Prior to joining InvestSense, Mr Carrington spent 13 years at Russell Investments, most recently as Head of Retail Distribution, where he was accountable for developing and executing the firm’s strategy for the retail advice segment.

“Paul has joined our firm at an exciting time of growth and also a period of significant change for the financial services industry,” Mr Andronaco said. “Paul’s first-hand experience and depth of knowledge in financial advice will be invaluable for our clients, as well as for driving further growth in our bespoke managed accounts offering,” said Mr. Andronaco.

Commenting on his appointment Mr Carrington added “I’ve longed believed managed accounts will play an increasingly important role in the future of the financial advice industry. This includes supporting advisers to deliver higher quality investment solutions to clients while at the same time offering increased business efficiencies for advisers.

It is exciting to help shape and promote the InvestSense offering while also working as part of such an innovative team.”

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