A new company, Valant Capital, has been created to provide leading platform, investment and insurance solutions to the advisers of Australia’s largest non-institutional licensee, Synchron.
In a strategic decision made by the Synchron Board and in response to adviser demand, the investment solution offered by Valant Capital broadens Synchron’s value proposition to its now over 400 advisers.
Valant Capital is the distributor of the High Wrap Investment Account, Superannuation Account and Pension Account. Furthermore, ten Valant Capital model portfolios are available through the High Wrap platform.
John Prossor, Director of both Synchron and Valant Capital, says the inclusion of model portfolios delivers multiple client benefits and means Synchron advisers can focus on strategy rather than asset allocation.
“This strategic move gives advisers and their clients the trifecta – access to an additional, optional platform which offers very good model portfolios, great functionality for advisers and most importantly, savings for clients in the form of very competitive fees.”
Powerwrap Limited has been chosen as the High Wrap platform administrator and will provide a tailored version of its full service next-generation wealth management platform to Synchron advisers. Powerwrap is Australia’s fasted growing non-aligned platform and has approximately $5 billion in funds under administration.
“Powerwrap is delighted its platform service has been selected by Valant Capital,” says Powerwrap CEO Cormac Heffernan. “Valant has high expectations of the businesses they are involved with and we have undergone a comprehensive due diligence process with them to ensure they are satisfied with the range, quality and functionality of services we can deliver to them and their advisers.”
Lonsec Investment Solutions is the Asset Consultant to the Valant Capital Investment Committee for the model portfolios. There are five risk-based portfolios with different weightings to defensive and growth assets, and five sector portfolios representing Global Equities, Australian Equities, Australian Equities – income, Fixed Interest and Listed Property and Infrastructure.
Valant Capital Director Dr John Morrison says the selection of its relational business partners, Powerwrap and Lonsec Investment Solutions, was time-consuming but necessary requiring deep quantitative and qualitative analysis of potential joint venture partners.
“We are delighted with the outcome. The inclusion of Lonsec Investment Solutions and Powerwrap allows Valant Capital to provide optimal solutions for Synchron advisers and their clients at very competitive prices.”
The Valant Capital Investment Committee comprises John Prossor, Dr John Morrison and Lonsec Investment Solutions Chief Investment Officer, Lukasz De Pourbaix.
The broad investment menu of the High Wrap platform provides Synchron advisers with the ability to recommend to their client’s direct shares, managed accounts, managed funds and, of course, the Valant Capital model portfolios. The High Wrap platform also has the capability to report on non-custodial assets such as investment properties, art and other collectibles.
“We want to ensure that advisers have the tools they need and investors have access to the best possible platform with well-researched funds which they can access through a diverse range of model portfolios” Dr Morrison said.
