IRESS will open an office in Adelaide later this month, with the appointment of former Victorian-based account executive, Brett Edwards leading the South Australian charge.
Edwards has worked with IRESS for more than three years, and will oversee IRESS’ activities in the state, as well as further promote IRESS Wealth Management offerings. IRESS has also appointed, Andrew Logan, as the first account executive in New Zealand dedicated to wealth management. Head of wealth management, Andrew Walsh, said his division contributed about 30 per cent to IRESS. The major product developments in the past few months have been the integration of the existing products into the recently-purchased VisiPlan. Plantech will be integrated by the end of the third quarter, and there are also opportunitities to integrate data, such as the super solver databased, into Visi, Walsh said.
A managed investment scheme holding 20 per cent or more in unlisted assets is deemed an illiquid scheme and is restricted from providing frequent liquidity, but there is no formal limit on how much super funds can allocate to these asset classes. The Conexus Institute writes this is a special privilege given to APRA-regulated super funds that should not be taken for granted.
David Bell and Geoff WarrenFebruary 6, 2025
