Alex Vynokur

Betashares, a leading Australian financial services business, today announced the launch of innovative Retirement Income separately managed accounts (SMAs) on the CFS Edge platform, expanding the range of retirement-focused options available to financial advisers and their clients.

The new SMAs leverage Betashares’ broad range of institutional grade investment solutions and extensive portfolio construction expertise to meet the unique income needs of retirees. Specifically, the SMAs leverage a combination of defensive, smart beta and equity income strategies with the aim of enhancing income by approximately 2% p.a. above traditional benchmark portfolios.

The Betashares Retirement Income SMAs thoughtfully combine high-income defensive strategies, and income-focused approaches within growth markets. As a result, the portfolios aim to deliver both capital growth and differentiated sources of higher income, while maintaining similar risk-adjusted return characteristics to less income focused portfolios – without relying on concentrated positions in low-growth sectors or non-investment grade credit to generate yield. The new range of Retirement Income SMAs complement Betashares’ market leading range of Dynamic Managed Accounts.

The announcement comes as managed accounts continue to grow in adoption by Australia’s financial advice community. The inherent attributes of managed accounts can improve the efficiency of advice by delivering institutional-grade investment portfolios. In response to the strong growth in demand, Betashares is increasing the range of investment options available for specific investor types. As a result, financial advisers can build scalable practices, while also continuing to provide tailored advice, dependent on their clients’ goals and circumstances

Betashares has an established track record in delivering high-quality managed accounts and a deep understanding of the needs of financial advisers, including requirements for comprehensive, institutional-grade reporting and transparency.

Announcing the launch of the new managed accounts offering, Betashares CEO, Mr Alex Vynokur said the new institutional grade portfolios will help retirees meet their investment and income goals.

“Financial advisers play an integral role in helping their clients meet their financial goals, particularly in retirement. We’re proud to deploy our long-standing multi-asset expertise to deliver a range of unique investment solutions within a structure that assists both financial advisers and their end clients. Our new retirement income SMAs are designed for the needs of retirees by delivering opportunities for capital growth and higher income,” Mr Vynokur said.

“The accessibility of high quality investment solutions that assist people to meet their income goals in retirement is one of the biggest challenges in wealth management, particularly given the growing number of people heading into that phase of their lives. We’re excited to work with CFS on meeting this important goal and providing robust investment solutions to assist financial advisers and their end clients,” Mr Vynokur concluded.

Francy Taylor, Executive Director of Managed Accounts at CFS said, “CFS’s managed account offer spans generational needs and accessing ​leading portfolio managers which helps advisers deliver stronger outcomes for their clients. We’re pleased to partner with Betashares to bring Retirement Income SMAs to CFS Edge, giving advisers ETF‑based portfolios designed to for clients moving into and through retirement.

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