One of Australia’s leading independent research houses, Fat Prophets – with funds under management and advice in Australia, the US, UK, Europe and Asia now totalling $300 million – has expanded its service to be global.
Fat Prophets, whose daily and weekly investment newsletters now have 25,000 subscribers in Australia and overseas, has now opened access to its investors to a digital investment platform, allowing them to exert greater control over their investments.
With about 400,000 high net worth investors and their super funds holding around $1 trillion in investable assets looking for better returns, the Super Prophets investment website includes a choice of investment options, ready-made portfolios, superannuation, a full self-managed superannuation service, equity and managed funds execution and insurance options.
The platform, www.superprophets.com.au, offers complete superannuation options, including the establishment and ongoing accounting and administration of a new or existing SMSF.
Founder and Chief executive officer of Fat Prophets, Angus Geddes, said “Our new digital platform allows investors to gain greater control in the management of their investments and superannuation.
“Super Prophets allows investors to transact a range of investment products with competitive and transparent fees, as well as access to our experienced team wealth advisers, researchers and analysts”, he added.
Fat Prophets is attracting inflows from investors across the world of about $5 million per month to its Managed Discretionary Accounts (MDA) and Separately Managed Account (SMA) in global investment funds covering Australian and international stocks.
The wealth management operation, with offices in Sydney, Auckland and London, provides investors with the opportunity to access a professionally managed share portfolio, access the group’s daily and weekly research reports and utilise the services of Fat Prophets for the day to day management of their portfolios.
Mr Geddes said “We now have a global model in funds management and research service, with new members being largely people over 40 years old and keen to build their wealth through a professionally managed portfolio.
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“Many of them are very motivated and well informed by accessing our research, which then is put into action through high touch or low touch management of their accounts on our digital platform.
“Fat Prophets’ investors can check their portfolios’ performance online on an ongoing basis with tax reporting support. The portfolios are actively managed by our professional and licensed funds management team, with the clients retaining full beneficial ownership of their investments at all times”, he added.
Fat Prophets is the manager of the model portfolios, which cover cash assets with high liquidity, Australian shares for capital and income growth, mining and resources stocks, small to mid cap stocks and international shares.
SMA investors can withdraw from or add to their accounts at any time with lump sums or through a contribution plan, while they can be leveraged through the use of a margin lending facility.
The fees associated with both model portfolios are very competitive, at about 1.X per cent with an outperformance fee of 1X per cent.
Source: Fat Prophets
