International Wealth Management Firm, Azimut Holdings has launched an Investment Solutions firm, AZ Sestante. AZ Sestante is working with adviser groups in Australia to assist them in building more efficient portfolio solutions and to provide access to high quality investment management capabilities.
AZ Sestante services will include RE provision, active strategic and tactical asset allocation, portfolio management, asset management, product management & structuring, investment and manager research and investment governance.
AZ Sestante is working with adviser groups who are seeking more specialised offerings for their clients and is able to tap into the extensive global investment capabilities of the Azimut Group.
AZ Sestante will partner with existing dealer groups, and platforms to deliver its solutions as well as offering bespoke services off platform to IFA clients.
In a unique arrangement, AZ Sestante and Colonial First State have collaborated to produce the Colonial First State AZ Sestante range of diversified multi manager funds, which were launched through Colonial First State platforms late last year. According to Andrew Davies, AZ Sestante Head of Distribution, “these funds have been designed to provide investors with actively managed, cost effective, well diversified portfolios. It has been great to see a number of high quality financial planning businesses, who were using Colonial First State platforms already, adopt using these funds in their businesses where the execution of portfolios was inefficient and expensive. We worked with Colonial First State to provide portfolios with different risk and return objectives that utilise both our asset allocation expertise and extensive fund manager research database. The result is the Colonial First State AZ Sestante range of funds, which consists of a Conservative fund, a Diversified fund and a Growth fund. The fees start at 70bps for the Conservative fund (73bps for Superannuation and
Pension) to 90 bps for the Growth fund (93bps for Superannuation and Pension). These strategies are available on both FirstChoice and FirstWrap”.
As part of its broader asset management strategy AZ Sestante launched an Australian Smaller Companies fund on 1 March 2017 in conjunction with Azimut subsidiary, Sigma Funds Management. This fund utilises the strong, long term track record of the Sigma investment team. AZ Sestante also plans to launch a global macro fund and international equity fund utilising Azimut’s own offshore