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.

The post PPM expands portfolio management team appeared first on AdviserVoice.