JANA Expands Key Wealth Offering with New Agreement to Deliver Investment Consulting to Wealthtrac

24 July 2024 

JANA Investment Advisers and Wealthtrac, a leading Separately Managed Accounts (SMA) aggregator, have today announced a new agreement under which JANA will provide comprehensive investment consulting services to Wealthtrac. This partnership underscores both companies’ commitment to advancing solutions in the wealth sector.

This collaboration highlights the increasing demand for advanced investment solutions in the wealth management sector. The agreement exemplifies Wealthtrac’s specialisation in managed accounts and JANA’s ongoing commitment to Australian advice practices and dealer groups seeking sophisticated investment strategies. By leveraging JANA’s unmatched scale, infrastructure, and expertise, Wealthtrac will gain access to top-tier investment strategies and a network of leading global asset managers.

Michael Karagianis, Head of Wealth at JANA said, “We are excited to support Wealthtrac’s growth objectives and anticipate robust expansion for their SMAs in the years ahead. As the industry continues to consolidate client offerings through MDA and SMA structures, the demand for high-quality advice and research becomes increasingly vital. This partnership reflects our shared commitment to providing exceptional value and achieving sustained growth.”

Matthew Johnson, Director at Wealthtrac, commented, “We are confident that our partnership with JANA will deliver substantial benefits to our clients by leveraging their highly-resourced team of investment specialists, in-depth manager research, and favourable wholesale fee arrangements. This collaboration will continue to position Wealthtrac as a leading SMA service provider, offering enhanced returns and improved efficiencies for smaller dealers. We look forward to a long and successful relationship with JANA.”

This collaboration will initially cover ten of Wealthtrac’s existing SMAs, available through the Macquarie and Hub24 platforms, across three dealer groups.

JANA Wealth offers consulting services including tailored managed accounts and access to wholesale strategies for dealer groups and self-licensed practices, private wealth firms and family offices.

Effective Thursday 15 August, JANA will commence providing investment consulting services to Wealthtrac. This collaboration is expected to drive innovation and excellence in wealth management, offering clients access to a broad spectrum of high-quality investment opportunities and strategic advice.