Boutique wealth management firm Beulah Capital has partnered with Franklin Templeton Investments on an international managed accounts solution.
Under the arrangement, Franklin Templeton will select a concentrated portfolio of international stocks for Beulah Capital’s investors, which will be offered through a managed account structure.
Beulah Capital managing director Christian Ryan said: “The strategy allows Aussie investors to invest directly in global companies selected by an experienced international equities manager.”
“[Through the managed account structure] it is one of the only ways an Aussie investor can directly own such companies,” he said.
According to Mr Ryan, the partnership with Franklin Templeton is a logical choice.
“We are excited to join forces to provide something new and compelling to Australian investors,” Mr Ryan said.
Franklin Templeton director Jim McKay said: “Australian investors have a growing desire to invest internationally but have had few options to invest directly in stocks.”
“We see increasing demand for this type of structure and appreciate the opportunity to work together with Beulah Capital,” he said.
Weaker real estate prices and the depreciation of the Aussie dollar against the US have reduced the number of millionaires in Australia ove...
Hong Kong could sink into a devastating recession but its impacts will be confined to the city-state, according to an analyst from Moody’s...
It was poised to be one of the biggest public offerings of the year, but for a second time Latitude Financial failed to list on the ASX this...