BetaShares hires, targets self-managed funds
The Sydney-based exchange-traded fund house positions itself to benefit from two significant trends with the appointment of distribution veteran Lyndall James.
Australia’s BetaShares has appointed Lyndall James to a newly created role as director of adviser services as the ETF provider takes aim at the growing number of superannuation funds being run by individuals.
James will be responsible for building relationships with financial advisers which have become an important channel for reaching self-managed super funds. There are now over 500,000 SMSFs in Australia with total assets under management of A$416 billion ($390 billion), represe…
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