Fund manager La Trobe Financial has been successful in attracting a $5 million investment from a Significant Investor Visa applicant, in a confirmation of strong global demand.
In a statement issued on Friday, the fund manager announced that a Malaysian Chinese investor has made a $5 million investment in its Australian Mortgage Fund alternative for Visa 888.
“La Trobe Financial understands how important the Asian region market is to Australia’s financial future and more particularly how important China is,” the statement said. “La Trobe Financial is committed to developing long-standing relationships with its Chinese partners.”
The move follows comments made to ifa by Baker & McKenzie partner Bill Fuggle in May 2013, in which the corporate lawyer anticipated the SIV scheme may produce a number of benefits for the Australian financial services market, including financial advisers.
The reality of financial advisers covering the tab for misconduct and product failures they had nothing to do with is ...
The end of FY2024–25 has raised old questions regarding granting financial advisers access to the ATO portal
ASIC has followed up an adviser’s 10-year ban last week with a three-year ban for a former licensee director who failed ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin