Perpetual Guardian Expands into Retail Market with New Plans

Highlights:

• Retail Market Expansion: Perpetual Guardian plans to enter the retail market, leveraging its $2.8 billion wholesale funds management business and introducing 12 diverse funds, including climate and alternatives-focused options.
• Growth in Financial Advice: The firm is expanding into financial advice following its acquisition of Trustee Executors’ wealth business, with ongoing openness to new opportunities in this sector.
• Castlepoint Integration: Perpetual Guardian’s recent acquisition of Castlepoint Funds Management is well-received by investors, with the funds now having lower cash holdings and maintaining their original investment approach.

Perpetual Guardian’s Growth Strategy

At the time of writing, Perpetual Guardian, under the leadership of CEO Patrick Gamble, is making strategic moves to grow its funds management and financial advice businesses. The firm currently manages approximately $2.8 billion in wholesale funds and is now preparing to enter the retail market. Gamble revealed in an interview on Good Returns TV that Perpetual Guardian oversees 12 distinct funds, including multi-asset, single sector, and specialist funds such as a high conviction fund, a BlackRock-managed alternatives fund, and a climate fund based on a FTSE index.

Expanding into Financial Advice

The company's recent acquisition of Trustee Executors’ wealth business marks its commitment to expanding into financial advice. Gamble emphasizes that while there are no immediate acquisition plans, Perpetual Guardian remains open to new opportunities. The firm’s trust business has seen steady growth, despite a decrease in the number of trusts it manages. Legislative changes have led to increased demand for professional trustees, a shift from the traditional family-run trusts.

Castlepoint Funds Management Integration

Earlier this year, Perpetual Guardian acquired Castlepoint Funds Management. Gamble notes that investors are pleased with the acquisition, which maintains Castlepoint’s unique investment thesis while reducing cash holdings in the funds. This change is anticipated to enhance returns for retail investors. Gamble reassures that Castlepoint’s investment approach remains intact, promising a fresh perspective and improved performance for its funds.

As Perpetual Guardian ventures into new markets and strengthens its portfolio, it aims to leverage its robust assets and expertise to drive future growth and deliver better returns to its investors.

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