JANA expands Wealth client base with Alteris Financial Group

Wealth management firm Alteris Financial Group has appointed JANA as its new investment consultant.

Alteris provides financial advice and management for individuals and families across generations. With offices in Sydney, Brisbane, Melbourne, Rockhampton, and Gladstone, and a team of more than 80 people, they have FuA c.$1.8bn.

We are extremely pleased to have been appointed as the consultant for Alteris and look forward to a long and positive relationship over coming years,” said Michael Karagianis, Head of Wealth.   With Alteris’ appointment of JANA, JANA now advises in excess of $10b on behalf of private wealth and advice practices in Australia including managed account services.“

“We understand the diversity of the Wealth sector and the unique requirements of private wealth and advisory practices. We are seeing more practices leverage JANA’s institutional quality advice and scale to find best in class investment opportunities for their retail and wholesale clients.”

JANA’s total funds under advice as 30 December 2023 is over A$1.3 trillion, with clients including industry funds, insurance, government and education, not-for-profits, family offices and endowments and, private wealth and advisory practices.

Alteris CEO Keith Jones said, “After an extensive and thorough review process across many high calibre asset consultants, we are excited to be working with JANA. We believe JANA’s strength of research capabilities and resources, successful track record in the asset consultant space, and alignment in philosophy will enhance our client outcomes and experience.”

Effective 14 December 2023, JANA will provide advisory services including asset allocation, manager research and portfolio construction advice as well as reporting to the Alteris Financial Group.