Apostle is a tailoring, packaging and distribution business of financial products and services specifically catering to Australian needs taking into account regulatory, accounting and tax requirements. We offer a full service to our affiliated partners as well as our clients – much more than a simple 3rd party marketing arrangement.
We follow a model predicated first and foremost on client needs. We believe that the best product and services are those that our clients actually need and this is why we have adopted the Source – Create – Deliver approach.
Source
Apostle differentiates itself by representing only managers we believe offer superior investment management capabilities and products and who are open to exploring new opportunities. We work proactively with our clients and affiliates to provide appropriate investment-driven solutions. This requires an approach much wider than just selling.
Create
As the financial markets are dynamic and as our clients have varying needs, solutions often have to be created to suit our clients. Apostle has successfully worked with its affiliates to address specific gaps or opportunities for our clients.
Examples include:
- The introduction of an opportunistic high yield offering which allocates between high yield bonds and bank loans in the Apostle Loomis Sayles Credit Opportunities Fund. This was successfully launched in 2005 and was closed to new investors having attracted more than AUD800m.
- Introducing a global small-mid cap equities solution by combining the expertise of two affiliates, Highclere International Investors and Vaughan Nelson Investment Management, with different regional biases yet similar investment approaches in order to obtain global exposure.
Deliver
Mostly, non-Australian affiliates do not have suitable product ‘packaging’ for Australian clients and the relatively high hurdles set by Australian regulators often make the decision for a non-Australian investment manager to enter the Australian market a difficult one.
Apostle adds significant value here by providing appropriate ‘packaging’ at its own cost and by allowing investment managers to do what they do best – managing money. By taking most of the regulatory and compliance obligations on, investment managers are free to operate from their chosen locations without the need to have their own Australian operations.
Why partner with Apostle Asset Management in Australia?
- experienced team with demonstrable track record
- fully licensed in Australia to operate and distribute products and services in wholesale, mezzanine and retail markets
- wide ranging relationships with professional service providers across legal, accounting, custody and administration areas
- turn-key product capability including delivery through pooled vehicle or platform, back and middle office functions including operations, administration and compliance functions, sales and complete client servicing
- significant investment expertise to meet ongoing reviews and servicing requirements of clients
- ongoing assistance with regulatory requirements and compliance obligations for Australia
- exclusivity by asset class and sub-asset class
- extensive PR and advertising support
- aligning our interests with the affiliate through a fee sharing arrangement
- we back ourselves and bear the economic risk of new managed funds, effectively underwriting the operational costs before funds reach scale
