Instreet issues first White Label product
26 May 2010Boutique custom investment provider Instreet has been given the tick of approval from BDO Wealth Management (Vic) to issue its latest Catalyst Asset Management Capped Growth Asset Allocation product from its DPA platform – the first white label product for the Sydney-based firm.
“This is an important step in our development,” said Instreet Managing Director George Lucas.
“It confirms Instreet’s growth as a reliable and trusted issuer with a professional and skilled team.”
Instreet’s success up to now has been built around offering institutional products to retail investors. With the Catalyst products offered on Instreet’s platform, the firm is now a competitive product provider for external distribution groups.
“It’s leveraging our capabilities for the benefit other distribution groups that excites us the most,” Mr Lucas said.
“We can readily provide a competitive alternative to other issuers and investment banks because our structuring costs are lower and we have a strong, professional team which rivals many of the best investment banks.
“We have learnt a lot about the financial advice business and the issues involved in delivering retail, customised investments to this market. In short, we understand the needs of our distributors and how to deliver.”
The Catalyst Capped Growth Deferred Purchase Agreements, which have been developed by BDO Wealth Management (Vic) in conjunction with Terboven Pty Ltd, a firm focusing on bespoke structured product consulting, offer four series with exposure to different markets – an Australian share market series; an Australian listed property series; a series linked to Chinese equities listed in Hong Kong; and a series linked to the energy commodities market. Mr Lucas added that that the Catalyst Asset Management product was the first of several further transactions being explored by Instreet.
