Lukasz will be with the business until mid-June and is working closely with the team to ensure a smooth transition.

In the interim Michael Wright, Lonsec CEO and Managing Director Implemented Portfolios will assume Executive Director responsibilities for Lonsec Investment Solutions.

During this period Lonsec plans to go to market to appoint an Executive Director, Lonsec Investment Solutions and CIO.

Michael has an extensive knowledge of the Lonsec business and investment markets and is extremely well-placed lead the Lonsec Investment Solutions business.

Lonsec’s trusted and experienced team will continue to manage the portfolios.

Lonsec’s managed account portfolio and consulting services continue to be managed by experienced and long-standing members of the Lonsec team who will report to Michael, including:

• Deanne Baker, who has been appointed interim Chief Investment Officer (CIO). Deanne will continue to be the Portfolio Manager Multi-Asset Portfolios, managing the multi-asset, retirement and sustainable portfolios. Deanne has been with Lonsec for 15 years;
• Danial Moradi, Portfolio Manager Listed Portfolios, manages the listed diversified and Australian equities managed account portfolios and has also been with Lonsec for 15 years;
• Veronica Klaus, Head of Investment Consulting who has been with Lonsec for 12 years and leads our investment consulting services including the management of Lonsec’s tailored managed account portfolios; and
• Chris Robertson, Portfolio Manager ESG Aware for Implemented Portfolios (IPL) who has transitioned across with the acquisition of IPL.  Chris has over 30 years’ experience across leading Asset Managers.

They will continue to be supported by the Lonsec Investment Solutions team as well the broader Lonsec business.

Since the inception of Lonsec Investment Solutions, portfolios have been overseen by its Investment Committees. The Committees include its Asset Allocation, Manager Selection, Direct Equities and Tailored Portfolio committees which are all comprised of senior members of the Lonsec Investment Solution and Lonsec Research teams, as well as independent investment experts.

Deanne will chair the Lonsec Investment Solutions Asset Allocation Investment Committee as well join the IPL Asset Allocation Investment Committee as a member.

The IPL portfolios will continue to be overseen by IPL’s Asset Allocation Investment Committee chaired independently by Paul Dortkamp. Tim Farrelly, from Farrelly’s Investment Strategy, also continues to be a member of the IPL AAIC, which he and Paul have served on continuously since the inception of IPL in 2010. Lonsec is also expanding this committee with the additions of Deanne Baker (as mentioned above), Chris Robertson and Nick Field who has recently been promoted to the role of Portfolio Manager, IPL Portfolios. Nick has extensive investment research and portfolio management experience.

Finally, we have bolstered our internal portfolio governance framework with the establishment of a group Product Investment Oversight Committee (PIOC).

The PIOC is a sub board committee to the Lonsec Board and is responsible for ensuring that the IPL and Lonsec portfolios have the necessary personnel, processes and risk management frameworks in place.

The investment governance role that the PIOC discharges is important to Lonsec and our clients. The PIOC ensures that all the portfolios within the Lonsec Group remain managed in accordance with their stated mandates, objectives and have the right resources and capabilities to execute on their investment strategies.

Dr Steve Garth is the independent chair of the PIOC and he has extensive experience in asset management and investment governance.

Lukasz has made a significant contribution to the company having led Lonsec’s Investment Consulting services and establishing and building the Lonsec Investment Solutions business.

Mike Wright says, “Lukasz has made an outstanding contribution to Lonsec and the industry, establishing our strong investment consulting and managed account capabilities.  As Group CIO, Lukasz has overseen the various investment committees used to make medium-term investment decisions based on a clearly defined, common sense research-based investment philosophy.”

“We wish Lukasz all the best with the next exciting stage of his career at a leading global l asset manager and can assure all investors that the team remain absolutely committed to continuing the great work” concludes Mike.

The post Lonsec announces changes to its Investment Solutions business appeared first on AdviserVoice.

Mike Wright

Lonsec has expanded its support of Managed Accounts on the AMP North and CFS FirstWrap platforms with the launch of its Lonsec Listed Managed Portfolios.

The portfolios harness the depth and breadth of Australia’s leading research provider, allowing investors access to a diversified portfolio of listed securities incorporating Lonsec’s Dynamic Asset Allocation.

“These managed portfolios give financial advisers access to investment solutions supported by one of Australia’s largest investment research and consulting teams,” said Lonsec CEO Mike Wright.

“Being able to draw on our investment selection and portfolio construction expertise can be a game changer for advisers, and we’re proud to be offer the Listed portfolios to North and FirstWrap users.”

Lonsec provide three Listed portfolios: Balanced, Growth and High Growth. Each are designed to achieve different risk and investment objectives over various timeframes. They are constructed using a range of growth and defensive listed assets such as Australian and global equities, property, bonds, and alternative assets and are backed by Lonsec’s rigorous governance and review process.

“The Listed portfolios have been designed for investors looking for capital growth and income over the medium to long term from listed assets and use a combination of active and passive securities to achieve these growth and income objectives,” said Danial Moradi, Portfolio Manager for Listed Products.

In addition to the Listed portfolios, the Lonsec Separately Managed Account – Core Portfolio will also be available on FirstWrap. This portfolio employs an active, concentrated, low-turnover strategy focused on quality Australian large cap shares.

“We are excited to expand the distribution channels for these portfolios, making them available to a broader group of advisers and their clients” said Moradi.

Inclusion on AMP North and CFS FirstWrap further expands the availability of the Lonsec supported Managed Account offering, following their existing availability on the BT, Macquarie, HUB24, Netwealth and Praemium platforms. Lonsec is one of Australia’s fastest growing Managed Accounts portfolio managers, with over $200m net inflows recorded into the portfolios they manage in February 2022.

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