Scott Haslem

Leading wealth adviser Crestone Wealth Management (Crestone) has announced a partnership with Conscious Investment Management through its Impact Fund.

Through its continued commitment to ESG and sustainable investing, partnering with the Impact Fund is part of a wider impact investment approach at Crestone to offer its high-net-worth, family office and not-for-profit clients investment solutions that deliver competitive returns alongside real and measurable social and environmental impact.

Conscious Investment Management is an independent impact investment fund manager based in Melbourne that focuses on investing in social and environmental property and infrastructure, with the aim of generating market rate returns of between 7-11% pa while realising a tangible and measurable social benefit. The portfolio has focused on assets including specialist disability accommodation, affordable housing, community rooftop solar and social impact bonds.

Crestone’s Chief Investment Officer, Scott Haslem, commented “at Crestone, we are committed to providing value-aligned investment solutions for our clients that deliver truly competitive returns. We are excited to be partnering with Conscious Investment Management, a leader in impact investing, and we believe our partnership will unlock investment opportunities for our investors that can deliver real social impact.”

The investment team at Conscious Investment Management is led by Chief Investment Officer, Matthew Tominc, (ex-Goldman Sachs and most recently Head of Impact Investment at a Melbourne-based family office), and overseen by an experienced independent investment advisory board. Board members include ex-Escala and JBWere Chief Investment Officer, Giselle Roux, ex-JBWere and Goldman Sachs Chief Financial Officer and Chief Risk Officer Paul Sundburg, Partner at Affirmative Investment Management, Kate Temby, and ex-Macquarie Investment Banking Executive Director, Richard Price.

Commenting on the partnership, Matthew Tominc said “impact investing has the potential to attract significant mainstream capital to fund assets that have a social and environmental benefit, while adding uncorrelated return potential to an investment portfolio.

We focus on using our capital to invest in assets that can be operated by charities or socially conscious businesses for positive impact. We are delighted to be working with the team at Crestone, who has been a great supporter of impact investments, to help grow this emerging area of finance.”

The market for impact investing has tripled over the past two years from $5.7 billion to $19.9 billion[1] as investors increase their focus on the sector.

Conscious Investment Management’s impact fund is open for investment and is designed for institutional and wholesale investors and their advisers. Channel Capital partnered with Conscious Investment Management in November last year to provide the manager with non-investment services including national distribution, marketing and public relations.

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Stan Shamu

Crestone Wealth Management (Crestone) has announced two additions to its Investment Products and Services team.

Stan Shamu has been appointed to the role of Senior Portfolio Strategist and Anshula Venkataraman CFA has been appointed to the role of Investment Consultant, effective immediately.

Both will report directly to Scott Haslem, Chief Investment Officer of Crestone.

Mr Shamu previously worked as a consultant for Jana Investment Advisers, where he conducted managed funds research and provided advice to a wide range of clients, including charities, endowments and large superannuation funds.

“I am delighted to join a firm with an unparalleled desire to deliver on client outcomes by providing high quality investment ideas across a diverse range of asset classes,” Mr Shamu said.

Ms Venkataraman joins Crestone from Morningstar’s Manager Research team in Sydney, where she conducted research on managed investments across asset classes.

“I welcome the opportunity to be a part of a team focused on research rigour and uniquely positioned to provide long- term guidance around ever more complex and sophisticated portfolios,” said Ms Venkataraman.

Adam Ginnivan, Head of Investment Products and Services at Crestone said Mr Shamu and Ms Venkataraman’s wealth of expertise in their respective areas would make welcome additions and further bolster Crestone’s strong in-house investment capability.

“We are proud to have two talented individuals join Crestone who share our vision. We offer client’s global, multi- asset class portfolio solutions and the skills and insights that these two bring to the table will truly complement that offering,” Mr Ginnivan said.

“We have invested heavily in creating a truly robust investment team to support our advisors, ensuring clients can access advice across more asset classes; both in Australia and offshore. This approach to investing and manager selection allows Crestone to meet the growing expectations of our high net worth clients, who are increasingly demanding an institutional investor level of service and quality,” he said.

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