DASH’s partnership with S64 was designed to enhance private market investment accessibility for Australian financial advice practices and their clients, the firm stated.
Headquartered in the UK, S64’s modular technology platform assists private banks, advice businesses and investment managers globally to provide private market investments at scale. It also allows firms to design and distribute their own private market offerings.
Through the partnership, DASH’s network of advisers will be able to access multi-jurisdictional regulatory reporting and customised private market product solutions tailored for a range of client segments, such as family offices through to retail investors.
According to DASH chief commercial officer Mark Papendieck, the announcement signifies an exciting milestone for the financial planning technology group.
“The shift to private markets is structural and advisers need more than access, they need seamless infrastructure. We’ve always opened the door to an unlimited investment universe, but this partnership takes things further, it simplifies how private investments are sourced, structured and held,” he said.
“Whether it’s supporting firms with institutional quality manager selection and due diligence or enabling liquidity via curated secondary marketplaces, through our work with S64, we’re giving advisers the tools to operate at scale. The message is clear: if you want to build a differentiated, future ready whole-of-wealth investment offering, this is how you do it.”
Moreover, S64 said it will work closely with DASH to offer access to a suite of open-ended and closed-ended global investment managers.
“We are delighted to partner with DASH as part of our continued commitment to the Australian wealth management industry,” said Matt Stovold, head of Australia and New Zealand at S64.
“Australia is a key market for S64, and our growing local Australian team have deep experience and trusted relationships across the industry. Together with DASH, we look forward to providing innovative private market solutions and supporting advisers in delivering best-in-class client outcomes.”
Demand for alternative and private market opportunities continues to rise in the Australian wealth management market, particularly as new products look to target retail investors.
Natixis Investment Managers’ research previously revealed nearly half (48 per cent) of wealth managers in Australia said meeting the client demand for unlisted assets will be a “critical factor” in their growth plans. Two-fifths of Australian wealth managers also said a lack of access to private assets represents a threat to their business.
Local portfolios are relying on a mix of 88 per cent allocated to public assets and 12 per cent to private assets, however, this spread is set to narrow as the focus on private assets intensifies.
