James Mawhinney

Melbourne-based investment company IPO Wealth has announced the achievement of a capital raising of over $100 million as investors seek alternatives to low rate term-deposits offered by the big banks.

The announcement comes just one week after the company celebrated its second anniversary, illustrating the strong market demand by investors for portfolio diversification.

In celebrating the significant milestone, James Mawhinney, Managing Director of IPO Wealth’s parent company Mayfair 101, said that the result is a testament to the group’s high-quality customer service and an asset base that provides the ability to pay more attractive rates of return.

“Receiving $100 million of new investment in two short years shows that investors are increasingly seeking income-producing cash alternatives in the face of low interest rates and Australian stock and property market volatility,” Mr Mawhinney said.

“IPO Wealth is particularly attractive to those seeking higher rates of return and the ability to earn monthly cash payments. Our audience is wholesale and sophisticated investors looking for non-bank investments ranging from 3 months to 5 years.

“Combine these factors with IPO Wealth’s commitment to outstanding customer service and it becomes apparent why an increasing number of investors are making the switch.”

The success of the IPO Wealth model lies in the strength of parent company Mayfair 101’s international investment strategy.

“Mayfair 101 has diversified assets in eleven countries, ten sectors and five currencies. Its strategic approach emphasises late stage investments in companies with over five years of successful operations, as well as others heading towards trade sales or IPO’s,” Mr Mawhinney said.

“These assets enable IPO Wealth to offer rates of return that have consistently outperformed term deposits since inception and provide investors an asset class that keeps up with changing times and is well clear of the turmoil being experienced by the Australian economy.”

Following the success of the IPO Wealth model, Mayfair 101 has plans to list its UK subsidiary M12 Global on the AIM market of the London Stock Exchange to provide investors in the UK with a similar alternative to bank deposits. This will enable Mayfair 101 to access the lucrative UK market to fill over $3 billion worth of demand for credit within its portfolio over the next five years through the issuing retail bonds, which is a considerably under-serviced market in the UK.

IPO Wealth offers a target returns ranging from 3.25-6.45% per annum, across six term-based investment options ranging from three months to five years.

Distributions are reinvested or paid monthly and the fund is open to individuals, self-managed super funds, trusts and companies with a minimum investment of $100,000.

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Mr Laughlin will oversee IPO Wealth’s next phase of growth, with the investment manager recently reaching over $80 million in capital raised from Australian wholesale and sophisticated investors in less than two years for its IPO Wealth Fund.

James Mawhinney, Managing Director of international investment group Mayfair 101, said: “Ewan brings to IPO Wealth a proven track record of 28 years’ experience in financial services across institutional banking and corporate finance. He is the right person to grow the business.”

Mr Laughlin joins IPO Wealth from Commonwealth Bank of Australia (CBA), where during his near decade tenure, he implemented over $1 billion in financing solutions for clients and significantly built the bank’s business division.

Prior to his role at CBA, Mr Laughlin was Associate Director, Institutional Banking at National Australia Bank, where he was engaged in significant transactions with some of the leading brands listed on the ASX 200.

The appointment of Mr Laughlin as Chief Executive Officer comes as Mayfair 101, the private equity group which oversees IPO Wealth, continues to focus its investments in overseas and emerging markets, where the group claims yields are higher and economic conditions are more favourable.

Mr Laughlin said: “Having seen IPO Wealth develop over the past year I am delighted to be leading the team through this next phase of growth. We have some exciting developments in the pipeline that will benefit existing and new investors seeking consistent income from their investments, which has historically been hard to find in traditional cash products.”

Mr Laughlin holds a Bachelor of Economics Honours from La Trobe University and a Master of Applied Finance from the Graduate School of Business at Macquarie University.

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James Mawhinney

Australian investment manager, IPO Wealth, said it has passed the $75 million mark in capital raised for its IPO Wealth Fund.

IPO Wealth, which started in March 2017, is a wholly-owned subsidiary of international investment group Mayfair 101. More than $60 million has flowed into the fund in 2018 as investors seek income-producing cash alternatives amid Australian stock and property market volatility.

Investors are finding the non-bank alternative an attractive option due to its exposure to Mayfair 101’s portfolio of growth companies internationally, and the ability to earn rates of return that have consistently outperformed term deposits since inception.

Mayfair 101 Managing Director James Mawhinney said: “Wholesale and sophisticated investors are becoming increasingly aware that new options are available to decrease their exposure to the Australian property market and volatility of the ASX. IPO Wealth is one of those options, and we are delighted to be able to provide investors with the opportunity to earn consistent monthly returns.”

Mr Mawhinney said the international investment group’s strategy provided Australian investors with the opportunity to benefit from cost efficiencies associated with technology platforms, lower corporate overheads compared to many of its competitors, and a diversified international focus which provides a greater pool of solid investment opportunities.

Mayfair 101 recently announced plans to establish an equivalent fund in the UK managed by M12 Global, allowing the group to access a larger pool of capital at a lower cost base due to the low interest environment of the UK and Europe.

M12 Global has appointed former Morgan Stanley executive Charles Grant as its Chief Executive Officer to head up the European structure, building on the success of IPO Wealth.

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