Alan Logan

Perpetual Wealth Management’s Direct Australian Equities Responsible Investment portfolio has recently been added to the HUB24 Managed Portfolio platform, giving financial advisers and their clients greater access to the portfolio purpose-built for managed accounts.

The Responsible Investment portfolio, managed by portfolio manager Daniel Nelson, has $155 million in funds under management[1] and was certified by the Responsible Investment Association Australasia (RIAA) in June 2024.

Head of Partnerships, Investments Research Alan Logan said: “We know through our high net worth and not-for-profit business that responsible and ethical investment solutions are at the forefront of many adviser-client conversations. The addition of the Responsible Investment portfolio on the HUB24 platform gives more advisers and clients potential access to these types of investments.”

As at 30 June 2024, the Perpetual Wealth Management Direct Equities team managed approximately $4.43 billion in funds under advice. The Direct Equities team comprises six investment professionals with an average tenure of 15 years’ experience.

Portfolio Manager Daniel Nelson said: “We have a tried and tested philosophy that focuses on quality and value, and we implement this approach with a constant lens on first protecting and then growing our clients’ wealth.

“With an investment universe of approximately 300 stocks, our robust screening and stock analysis create a high conviction portfolio of 20 – 30 stocks, while paying close attention to portfolio parameters, risk measures and liquidity.”

Teams within Perpetual Wealth Management are now also using EthosESG, a platform that evaluates more than 1.5 million impact metrics from both public and private companies, allowing comparability and analysis across portfolios, strategies and asset classes through a prism of 45 ESG causes such as climate, equality, education, mental health, justice and more. Earlier this year Perpetual entered into a partnership with ACA Group, a leading global financial advisory and technology firm headquartered in New York, to utilise the platform.

“The platform is a real game-changer for our business and lifts our client offering to a new level, providing another reference point for our teams to more closely scrutinise stocks within the investment universe,” said Mr Logan

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Notes:
[1] As at 31 July 2024

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Alan Logan

TPT Wealth has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI).

“Adoption of the PRI gives clients confidence that our investment practices are aligned with our business values,” said Alan Logan, General Manager of TPT Wealth.

“Taking this step allows us to strengthen relationships with new and existing investors such as universities, family offices and individual investors who prioritise sustainable outcomes. It also allows us to form important new partnerships with like-minded clients,” Mr Logan added.

The PRI’s six principles

The PRI’s six principles call for signatories to integrate responsible investment into their investment decisions:

• Principle 1: Incorporate environmental, sustainability and governance (ESG) issues into investment analysis and decision-making processes.
• Principle 2: Be active owners and incorporate ESG issues into ownership policies and practices.
• Principle 3: Seek appropriate disclosure on ESG issues by the entities in which a signatory invests.
• Principle 4: Promote acceptance and implementation of the Principles within the investment industry.
• Principle 5: Collaborate to enhance effectiveness in implementing the Principles.
• Principle 6: Report on our activities and progress towards implementing the Principles.

So far, the PRI has attracted over 5000 signatories, mostly investment managers, across 135 countries representing USD$121 trillion. There are 209 signatories from Australia.

“We’re pleased to welcome TPT Wealth as a signatory to the PRI,” said David Atkin, CEO at the Principles for Responsible Investment.

“Now more than ever, it’s vital for responsible investors to come together and work towards common goals, for the benefit of the planet and our society. We look forward to working alongside TPT Wealth to realise these goals.”

On a practical level, TPT Wealth’s commitment to the PRI underscores a number of changes to the business over coming months. TPT Wealth will include ESG considerations in investment decisions, and allows the business to form new alliances and joint ventures with firms that are also PRI signatories.

In addition to adopting the PRI, over the past six months TPT Wealth has taken other measures to understand the impact of our operations on the environment.

TPT Wealth is pleased to be following the lead of parent company MyState Limited. As a proud Tasmanian company, we understand the importance of our operations mitigating our environmental, social and governance (ESG) impacts.

This year’s MyState Limited annual report includes disclosures about our carbon footprint, made in line with the Taskforce on Climate-Related Financial Disclosures’ (TCFD) requirements. The TCFD allows organisations to make consistent with and comparable climate-related disclosures.

TPT Wealth looks forward to updating the market on further initiatives to support improved economic outcomes in the future.

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The ratings recognise TPT Wealth’s highly experienced investment team, strong credit credentials and more than 40-year long track record of funds management.

Established in 1887, TPT Wealth provides a broad range of contemporary financial services to individuals and corporate clients including Managed Investments, Commercial Lending, and Trustee Services, which include estate planning, administration and charitable trusts.

The two newly-rated income funds offered by TPT Wealth seek to provide capital stability and competitive monthly income returns via diversified investments across a range of fixed interest type assets. The major asset class for each of the funds is mortgages. They also hold residential and mortgage-backed securities and other asset backed securities.

The TPT Long Term Fund is suitable for investors wanting a relatively secure investment and regular monthly income returns over at least a 9-12 month term, while the Select Mortgage Fund is suitable for investors wanting a competitive regular monthly income over at least a 12 month period.

Alan Logan, General Manager TPT Wealth said: “We’re both excited and proud to announce our TPT Long Term Fund and Select Mortgage Fund have been rated ‘superior’ by SQM Research. Since 1887, we have been part of the Australian financial landscape. The two funds have a strong track record of managing mortgage funds and generating positive returns for investors.”

“With interest rates in low single digits, yield-hungry investors face the challenge of finding investment strategies that offer a satisfactory level of income while balancing their need to protect their investment from market fluctuations.

“Key customer groups where our investment proposition is really resonating strongly include for-purpose firms such as non-government schools, aged care firms, archdioceses and not-for-profit organisations. TPT Wealth is continuing to build our distribution team to meet this demand from a very broad range of customers,” concluded Mr Logan.

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