Tasmanian superannuation and retirement firm Quadrant Super rules out a merger, stating collaborations with other superannuation funds provide better economies of scale.
"We are committed to remaining small and independent," Quadrant chief executive Wayne Davy said.
"As a boutique fund, we can create long-term value for members, delivering sound investment performance and the lowest possible fees without sacrificing personal service. Mergers and amalgamations are not part of this organisation's future," he said.
"We are doing rather collaborations than mergers with other super funds. We can get economies of scale that way," Davy said.
Quadrant said it would be moving most of its investments to the Vision Super platform over the next six to 12 months.
"Collaborating with Vision Super enables the fund to retain its state identity while still achieving economies of scale," Davy said.
Quadrant just reached $500 million in funds under management.
"Funds under management have more than doubled in the past seven years," Davy said.
"Reaching the half billion milestone shows that a small fund like Quadrant can still be viable in a market dominated by super giants," Davy says.
Quadrant will seek to collaborate on investment arrangements with other funds and create joint financial planning ventures.
"Each of these initiatives will generate significant cost savings, strengthen the company's reach and reputation and confirm that collaboration is the answer for Quadrant," Davy said.
