Hugh MacNally

PPM Chairman and Founder, Hugh MacNally, is delighted to confirm that in line with PPM’s broader objective of meeting dealer group demand for direct portfolio solutions, that our SMA model Australian Equities and Global Equities portfolios are now available on the Endeavour, HUB24 and OneVue administrative platforms in addition to PowerWrap.

Mr. MacNally commented that “particularly in the current environment with daily headlines from Royal Commission, dealer groups want to be able to provide their clients with transparent access to proven professional investment management. PPM’s Australian equity and Global equity model portfolios provide them with that access and the platforms with the administrative ease, particularly to direct international equities, to enable them to see directly what they hold and clearly understand what they are paying for.”

The growth in directly managed portfolios has been significant and a welcome change for dealer groups from the limited unitised or passive international investment options.

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Private Portfolio Managers (PPM) has successfully offered Global equity growth Individually Managed Account (IMA) portfolios for clients since 2007 and now in recognising the limited options advisers and their clients have to access an actively managed global shares, has launched the PPM Global Growth Model on Powerwrap as an SMA in both investment and superannuation options.

The PPM Global Growth Model is a concentrated portfolio of 20 to 25 global stocks in developed markets – principally the US, Europe and UK. Investment opportunities are selected using PPMs stock selection approach which uses three core concepts to identify financially strong, strategically superior and high return versus cost investments. PPM uses a ‘bottom up’ process and has a long term approach as indicated by the low portfolio turnover.

Hugh MacNally, CEO and Founder of PPM, sees the PPM Global Growth SMA model as an ideal solution for financial advisers who themselves do not have the capacity to access global markets and whose clients want access to the advantages of direct equity exposure (transparency, lack of pooled tax consequences and low cost). PPM saw the Powerwrap Smartwrap platform, with its stockbroking and execution for Australia and Global markets, as a compelling partner for launching their first global SMA.

PPM will be one of only two global SMAs on the Powerwrap approved product list. Richard Carr, Head of Distribution at Powerwrap, is very supportive of the PPM launch commenting that “Advisers have been frustrated with limited direct global investment options and see global markets as key to gaining portfolio diversification.”

PPM’s SMAs enable clients to access their highly experienced team of investment managers, in-depth proprietary research and a proven track record of over 20 years of successful management in equities investment solutions.

PPM seek to provide superior returns through their disciplined bottom up approach that does not listen to market sentiment but adheres to fundamental measures of value and risk.

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PPM has long standing relationships with a number of the Powerwrap advisers and has selected the platform to launch the first in a series of SMA strategies. Initially, PPM has made their flagship Australian Equities IMA portfolio available on Powerwrap’s super and non-super platform.

Commenting on this, Powerwrap’s Richard Carr said he “was pleased to have been selected by PPM for the launch of their SMA. The addition of PPM to our Smartwrap offering is in line with our focus on delivering on of the widest range of investment choices to our clients. We are confident advisers will welcome the addition of the PPM SMAs.

Hugh MacNally Chairman of PPM said ‘Launching SMA strategies on the Powerwrap platform allows us to extend the options available for financial advisers and investors to access our investment strategies.“

PPMs has a proven capability in building and managing concentrated share portfolios in an IMA structure generating superior long-term, tax effective returns. Launching the SMA structure is seen as a natural extension for PPMs growth plans.

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The addition of Mr Hardy comes as PPM continues to expand its offerings to family offices, charities and wealthy individuals through its bespoke individually managed accounts (IMA) service.

Mr Hardy joins PPM from Centric Portfolio Managers, the IMA arm of Centric Wealth, where he was the chief investment officer overseeing more than $300 million in funds under management. He was also the investment manager for Centric Wealth’s Private Capital Division, managing an additional $100 million in funds.

PPM founder and director Hugh MacNally said Mr Hardy’s wealth of investment management experience would bolster the firm’s already strong research and portfolio management capability.

“Ian’s investment views align with PPM in terms of adopting a long term approach, investing in a limited number of exceptional companies, managing company risk and minimising tax to produce superior outcomes for investors. This long term approach has resulted in a cumulative outperformance of the benchmarks by over 178% after fees since inception for PPM’s growth managed accounts,” Mr MacNally said.

Prior to Centric, Mr Hardy worked at Halliday Financial Group, a specialist high net worth advisor which was acquired by Centric Wealth. During his time at Centric and Halliday, he was instrumental in driving the development of the IMA offering.

“Mr Hardy has been at the forefront of the managed accounts business and in particular IMAs. Combined with our 15 year track record in managing IMAs, Ian’s experience will ensure PPM remains a leader in managed accounts and servicing the investment management needs of successful individuals, families and charities,” Mr MacNally said.

Before working at Halliday, Mr Hardy’s experience included time at Challenger as the group chief investment officer where he was responsible for more than $8 billion in funds under management.

“We are extremely fortunate to have someone as talented and well aligned to our philosophy join PPM. Ian will deepen both our investment management capability and capacity,” Mr MacNally concluded.

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