Research house Lonsec has partnered with cryptocurrency fund manager Monochrome Asset Management, indicating financial advisers are becoming more open to using the asset in portfolios.
Lonsec reveals new CEO
Lonsec reveals new CEO
The former chief executive of a managed accounts group will come on board to head the adviser research house in two months’ time.
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In a statement, Lonsec said it had appointed Mike Wright – most recently CEO of Xplore Wealth before its merger with HUB24 in March – as the new head of the business.
“Mike’s unique blend of leading teams to develop and implement client-oriented growth and service initiatives along with his strong industry relationships and knowledge were exactly the leadership attributes that we were seeking,” Lonsec chairman Mark Spiers said.
Weber would be working with Elston’s NSW distribution team, servicing advisers and their clients across the country.
At Lonsec, Weber helped grow their managed accounts footprint across Victoria and SA over the last two years and had also worked with HUB24 in NSW.
Mark Smith, Elston’s head of adviser services, said the firm was now working with over 200 advisers nationally.
“Our models are available on six of the leading wrap platforms and we have just surpassed $3 billion in funds under management (FUM),” Smith said.
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