Maxim Advisors appoints Atlas Funds to manage Australian equities mandate

Maxim Advisors appoints Atlas Funds to manage Australian equities mandate

Leading boutique financial advisory group Maxim Private Clients today announced that it has appointed Atlas Funds Management as a manager of the Maxim Atlas Core Australian Equity Portfolio. The Portfolio is available as a managed discretionary account on the Hub 24 platform.

Matt Haggarty Director of Financial Advice at Maxim Private Clients said the partnership with Atlas Funds was a testament to Atlas’ strong investment process, client service and solid investment performance.

The Maxim Atlas Core Australian Equity portfolio is designed for investors seeking a concentrated core portfolio of listed Australian equity companies and that are looking for consistent tax effective distributions above that offered by the ASX 200.

Atlas Funds Chief Investment Officer Hugh Dive said “Atlas are delighted to be associated with Maxim Private Clients; whose ethics and transparent approach to financial advice aligns with our views on how clients should be treated by investment professionals.  Maxim’s customised client service stands in stark contrast to the conflicted advice revealed at the recent Royal Commission”.

About Maxim Private Clients

Maxim Private Clients is a boutique financial services, and business advisory firm based in Newcastle NSW with clients located along the east coast between Melbourne and Brisbane. We specialize in assisting small to medium enterprise and busy professionals looking for a partner to assist them with all facets of their business and financial life. Maxim Private Clients provides a tailored approach to strategic advice with an emphasis on business and personal structures, financial efficiency and growth. Partnering with Atlas Funds to manage our Australian equities mandate ensures that all potential conflicts are removed from the advice and asset allocation process which is purely focussed on achieving clear and concise outcomes for our selected clients on a fee for service basis.

More information on Maxim Private Clients can be found at https://www.maximprivate.com.au/

About Atlas Funds

Atlas Funds Management is a boutique investment manager based in Sydney that focuses on delivering capital protection and consistent income for individual investors and self-managed superannuation funds (SMSFs).

More information on Atlas Funds can be found at https://atlasfunds.com.au/

Sydney Morning Herald: Big banks in bear market on housing, royal commission jitters

Australia’s big four banks have dipped into a “bear market” as investors fret over multiple challenges including falling house prices, a regulatory backlash sparked by the royal commission, and higher funding costs.

Hugh Dive, chief investment officer at Atlas Funds Management, also thought the market had become too pessimistic towards banks.

He pointed out the flipside of weak credit growth was that banks had less need to set aside capital to support lending, which should underpin dividends.

“In a situation where credit is not really growing very fast, and they sold a lot of businesses, that’s going to return a lot of capital,” Mr Dive said.

Big banks in bear market on housing, royal commission jitters

By Clancy Yeates Normal text size Larger text size Very large text size Australia’s big four banks have dipped into a “bear market” as investors fret over multiple challenges including falling house prices, a regulatory backlash sparked by the royal commission, and higher funding costs.

 

AFR:ASX supports JPM chair Rob Priestley

The ASX has expressed confidence in former JPMorgan chief executive officer Rob Priestley, who headed the investment bank’s local division when the broker underwrote ANZ’s botched $2.5 billion capital raising that has triggered a cartel case against the bank and JPMorgan’s joint lead underwriters on the transaction.

Atlas Funds Management’s Hugh Dive.

“In a book-build everyone is trying to work out what the truth is, but one is expecting anyone to be telling the exact truth. If you’re a fund manager you are back and forth on the phone trying to work out what the real demand for the new IPO or placement really is before bidding. If you get the full allocation you asked for, then you have misjudged demand and are likely to lose money when the stock re-opens trading at a lower amount.”

ASX supports JPM chair Rob Priestley

The ASX has expressed confidence in former JPMorgan chief executive officer Rob Priestley, who headed the investment bank’s local division when the broker underwrote ANZ’s botched $2.5 billion capital raising that has triggered a cartel case against the bank and JPMorgan’s joint lead underwriters on the transaction.

 

Torpedo Tuesday – JB Hi-Fi (Swings and Roundabouts Ep. 183)

JBH has doubled revenue over the last five years with steady growth, acquisitions and over-hyped impact of Amazon arriving in Australia. Hugh Dive from Atlas Funds Management unpacks JBH for investors, identifies the areas of concern and makes the call of whether JBH is an investment to be made today.

click here to launch the link

Torpedo Tuesday – 5 June 2018 – JB Hi-Fi (Swings and Roundabouts Ep. 183)

No Description