We have recently been featured in the Australian Financial Review, discussing our Asset Management arm which will launch in February next year!
Our asset management service aims to provide our clients with a holistic approach to investing via a core and satellite portfolio split with options to apply environmental social governance thematic to their portfolios.
Investors get more than a sporting chance
For former NSW Blues captain and Wests Tigers stalwart Robbie Farah, rugby league success created an unexpected problem: figuring out how to manage the sudden influx of money that comes from a high-profile career in the NRL.
“I’ve seen it firsthand, where players not only don’t have the support to manage their finances, but it’s just not something they’re thinking about, so early in their lives and careers”
Robbie Farah, BPC Ambassador
Farah Says:
“You’re out of school, straight into a professional career and you live in a world where you’re presented with a whole bunch of money, and you think it’s going to last forever.”
The reality is that a professional athlete’s career can be short, with many reaching retirement aged 30 or 35, decades before professionals in most other industries.
Farah Says:
“It’s paramount for sportspeople to integrate financial security into their career development. Asset management allows athletes to obtain financial security and wealth creation into retirement, which mitigates pressures as they enter the next phase of life.”
Together with fellow rugby league great Johnathan Thurston, Farah has joined Barclay Pearce Capital (BPC) Asset Management.
“You’re never taught about asset management, which causes a lack of knowledge regarding finance and wealth creation”
Johnathan Thurston, BPC Ambassador
Thurston says:
‘‘As a professional athlete, your career is short and you spend most of your time focused on perfecting your field, missing potential pathways to financial security and creating wealth for retirement.’’
BPC has traditionally specialised in providing services to privately owned businesses and small to medium-sized ASX-listed companies, but is set to diversify with the launch of an asset management offering in February 2023 with a specific focus on professional athletes.
BPC Asset Management will offer services to all kinds of high-net-worth investors, not just professional athletes.
It's taking a foundation/opportunities approach to its offering, with the aim of giving clients a combination of core portfolio security and the option to apply an environmental, social and governance (ESG) theme or other approaches to investing. Approximately 80 per cent of investors’ funds will be invested in large-cap stocks with robust structures and tried and true investment themes, with the remaining 20 per cent invested in alternative asset classes, according to the client’s interests.
BPC is prioritising bringing managed funds and separately managed accounts to Australian investors in areas they may not otherwise be able to access, such as alternative investments.
To help position itself at the forefront of cutting-edge trends in investment overseas, BPC Asset Management has set up an office in the UK and is laying the groundwork to open in parts of Asia as well. MacMillan has spent more than 30 years working across a number of international investment banks including Merrill Lynch and UBS, and has seen firsthand the evolution of asset management over that time.
Joining James Whelan on the board are Trent Primmer, BPC’s Director of Trading and Jai Ayoub, BPC’s Director of Strategic Partnerships, who have 40-plus years’ of combined experience in financial services with successful track records.
Having an office in London has also enables BPC Asset Management to develop relationships that will ultimately benefit clients back home.
BPC will be launching Asset Management in 2023.
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