Karrasch joins Philo Capital Advisers

Leading managed account provider, Philo Capital Advisers, has announced the appointment of Stephen Karrasch as its head of sales. Karrasch was previously at OneVue where he led the sales effort.

Philo Capital Advisers is one of Australia’s largest and fastest growing managed account providers and investment managers. Philo is portfolio manager to over $4billiion of investor funds, of which $3billion is in managed accounts. Philo’s managed account offerings include both separately managed accounts and individually managed accounts.

Philo Joint CEO Brett Sanders says that the time was right to hire a senior sales person;

“We have worked away quietly over a number of years building what we believe to be the most highly evolved managed account offering in the market. We have achieved great success with our foundation clients with regard to outcomes for investors, adviser support and bottom line impact and we think it is time to spread the word”.

Karrasch says he chose to join Philo after considering a number of options in investment management and managed account businesses. “When I was introduced to Philo services it just clicked with me and I knew this was the future for leading advisers and something I could promote with great conviction. The Philo story is unlike anything else in the market and it’s been proven in practice. I am looking forward to taking Philo’s services to the market”.

Philo is independently owned by members of its management team and predominantly targets organisations seeking a stronger investment value proposition for their clients and a revenue stream for investment activities that is distinct from that generated from strategic advice. Philo supports its client firms with client engagement material, ongoing investor communications and extensive training.

Sanders says that Philo is ideal for financial planning firms wanting their businesses to scale better without sacrificing individual service or quality; “Our experience is that investors are delighted with the service they receive and that advisers and support staff enjoy a material reduction in time consuming processes that do not add client value. The Philo service is a win for investors, a win for advisers and a win for the financial planning firm”.